The ending is near, make no mistake about it…if 2006 signaled the year that Hip Hop died, then 2007 will be noted as the year that the rest of the industry followed into that shallow grave. Like all things though, death only means new life and in this case the story of the year is the emergence of the new model of what the music industry will look like in the coming years. MTV did a three-part series about the changing of guard called “The Year The Industry Broke.” They included a thorough time-line of the trials and travesties the industry went through this year. Kanye West is the only exception, with him being poised to celebrate his best year ever until tragedy struck with the untimely death if his mother. This is a must read for anyone contemplating selling their soul to get into the industry. Sh*t, don’t take our word for it, below are some notable quotes from the MTV piece:
“Make no mistake about it, 2007 was a b-a-a-a-d year for the industry. According to Nielsen SoundScan, album sales were down 15 percent from 2006 (a trend that’s continued for eight straight years now); big-name artists jumped ship in increasingly complicated — and messy — ways; and the powers-that-be seemed to get even more heartless and disconnected, thanks to a series of lawsuits, feuds and terrible decisions.”
“It’s a new world now and people are thinking of new ways to reach the people, and for me that’s always been my aim.”
-Paul McCartney on his decision to sign with Starbuck’s new music label
Kanye West’s Graduation sells nearly 957,000 copiesto claim the top spot on the Billboard albums chart. 50 Cent’s Curtis bows at #2 with sales of more than 691,000. Both are the best first-week numbers of 2007 (besting Linkin Park’s Minutes to Midnight, which scanned 623,000 copies in May), and Graduation notches the biggest first week in nearly two years — beating, interestingly, West’s Late Registration, which sold more than 860,000 copies when it was released in September 2005.
Editor’s Note:I have to sadly report that no major Hip Hop artists are included on the list of musicians that are leading the pack and making the shift in this new digital industry. On the contraire they are the ones holding on and holding up the plantation…without ring tone sales labels would be completely six feet under. When will we see the light? Oh, shout out to Buddens for making the switch.