[diwander]

Indeed, the concept of a major label in itself appears to be sliding towards obsolescence, though it is clear that new technologies have brought new opportunities. Unfortunately, the majors so far have shown poor ability to roll with change as they struggle to diversify their business. Meanwhile, sales of physical product, of which so much of their business is presently wrapped around, continues its steep descent.

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Check this out, it's the big labels on its way to the graveyard.

Cheers