by Zach Shaw | Aug 18, 2010 | Gloom And Doom, Label Moves
Hypebot is reporting that EMI revealed to investors this morning in their annual report that they experienced a net loss of $802 million this past year. If that wasn’t bad enough (after all, it wouldn’t be EMI without more bad news), they are also expecting to need...
by Bram Teitelman | Aug 9, 2010 | Gloom And Doom, Sad News
Adding to what’s already been a terrible 2010 in the world of metal, Behemoth first pulled out of the Finnish stop of the Sonisphere festival, then cancelled the remainder of their touring schedule following frontman Adam “Nergal” Darski being taken...
by Zach Shaw | Jul 26, 2010 | Gloom And Doom, Touring
It’s been a bad enough for major tours this Summer (as if you didn’t know). So imagine how bad medium level acts are doing on tour right now! This past weekend, Metal Injection posted an account from Oh, Sleeper guitarist Shane Blay explaining the financial...
by Bram Teitelman | Jul 19, 2010 | Bad Deals, Gloom And Doom
It’s been a brutal summer for the concert industry, with tours being cancelled, select shows being yanked, and attendance down across the board. Following an investor disclosure last Thursday, Live Nation shares dropped nearly 12% on Friday, and fell 21% in the...
by Bram Teitelman | Jul 2, 2010 | Gloom And Doom, Web 2.Oh-no
Remember when people used to pay for music? Neither do consumers, according to Nielsen SoundScan. A Businessweek article claims that Nielsen found that downloads of songs to iPods, computers and other devices have stalled, growing only 0.3% this year. While...
by Bram Teitelman | Jun 7, 2010 | Gloom And Doom, That's Unfortunate
It’s no surprise that album sales have been on a steady decline since 2000, but according to Billboard, the week ending May 30 was the fewest number of albums sold in one week since Soundscan began compiling the list in 1994. The total of 4,984,000 albums stands...