Music Business

Gospel Music Business

In the changing world of music what are the implications for the world of gospel/christian music. The present music business model serves all players regardless of genre. Music is music and people are inclined to purchase the tunes that resonate with their life experience. One thing is certain, the status quo of business as usual has changed and right now there is a frenzy of sorts to maintain a viable financial structure. Undoubtedly, the size of the money pie has increased but so have the hands that want a piece

CD Sales are slowly but surely being dwarfed by downloads and streaming is fast becoming the new radio. Some industry insiders believe the transition from “ownership” to “access”( as the millennials grow up) will alter the current model to the point that its quite possible a once 40 billion dollar industry will become a memory to be stored in the museum of “good ole days”.