Main | Wednesday, January 16, 2008

King Of The Road

More music industry woes. The head of the venture capital firm that bought EMI last year is planning to cut hundreds of artists from from the label. An interesting tidbit from the linked article:
About 85% of what EMI does release never makes a profit, in part because of the cash spent signing bands and partly due to overestimating demand. For instance, the company is understood to have more than a million unsold copies of Robbie Williams's Rudebox album, which it will send to China to be crushed up and used in road surfacing and street lighting.
I remember unsold vinyl being melted down for reuse, but I don't think I've heard of this use for unsold CDs. They should at least name the road after Robbie.


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