Music After The Music Industry

“It is generally accepted that the dog-and-horn type organisation that has controlled the distribution of music for 110 years is on its last legs. A decade ago, six labels held 77 percent of recorded music sales worldwide. Today, those six are down to four – Universal (31%), Sony-BMG (25%), Warner (15%) and EMI (9.5%)- and none has got to grips with the internet revolution that has ravaged their complacent and often collusive dominance.”

Sotheby’s Bad Day In The Market

“Sotheby’s now lags behind the Standard & Poor’s 500 index after enriching investors for five straight years. It slipped as much as 8.8 percent today, compared with a 3.1 percent fall in the S&P 500, before both rebounded. For the year, Sotheby’s is down 22.4 percent, or more than twice as much as the S&P, which has lost 9.1 percent.”

How Did The Best Foreign Film Of 2007 Get Missed?

Kenneth Turan says that the Academy made a huge mistake “when it passed over what has been universally considered the best foreign film of the year” in its nominations. “Something identical happened more than a dozen years ago when the documentary committee declined to nominate Hoop Dreams.” That time, the blunder led to changes in the nominating process.