28
Sep
When emotion drove stock-market prices to absurd new highs during the ’90s tech boom, Fed Chairman Alan Greenspan famously said the financial markets were going through a period of “irrational exuberance.” The flip side of this is periods of groundless pessimism. Right now, the music industry is at the tail end of one of those periods.
Yet the business has been restructuring itself in insanely positive ways. Here are a few myths about today’s record business: [There follows another very insightful article on why not to believe all the spin about the state of the business -ED.][more @ www.laweekly.com]
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