Stars set to party at Grammys while sales slide
Reuters.com
LOS ANGELES (Reuters) - The biggest stars of the music world are gathering in Los Angeles for Sunday's Grammy Awards, while the business slides deeper into the abyss.
Every day brings more bad news for the $21 billion industry, which cannot work out how to get fans to pay $18 for a CD instead of stealing music from the Web.
Just this week, Grammy-winning jazz singer Norah Jones' much-anticipated new album opened at No. 1 on the U.S. pop charts, but its sales were less than half those of its predecessor three years ago.
Saturday, February 10, 2007
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