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Music Week

| October 06, 2007 | COPYRIGHT 2007 CMP Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Change creates uncertainty, but shaping the future is an honour for all of us

There is little certainty about the music business in 2007. The only thing any of us can predict, for definite, is that this very uncertainty will continue.

Change is woven within the culture of the music business. I recall vividly the first article I wrote for Music Week, back in October 1990. What a different era that was.

The story told how Sam Goody, one of the US's most established retailers, was opening its first shop in the UK, a US records chain arriving bullishly to take on the might of British retail.

The UK music business was then worth #600m - two-thirds of its current value - with a decade of expansion ahead of it. CDs accounted for just 25% of all albums sold - cassettes selling at double the volume - and supermarkets would take five years to discover music.

It was a month when the House Of Lords dismissed the case for the UK's first national commercial pop station, rejecting the music industry's output as "Thump! Thump! Thump!".

What is different about the current period of change is the pace at which it impacts upon us all.

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