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The music industry is slowly decayed for two decades. Big record companies, whose fortunes are still overwhelmingly tied to CD sales, are taking a far more
expansive view of how to carve out pieces of the music economy, which by some estimates runs as high as $75 billion, including recording sales, music publishing, concert ticket and merchandise sales and other sources of revenue. They have in effect tried to move into the talent management business.

Demanding new artists give their label a cut of concert earnings. There has also been a scramble to squeeze revenue from other unconventional sources, ncluding amateur videos posted to YouTube that incorporate copyrighted songs. Universal Music threatened to withhold its huge music catalog from Microsoft’s new digital music service unless it received a royalty of more than $1 on each sale of the technology giant’s Zune portable music player.

Squeezing Money From the Music