The Death of the Electric Guitar

Geoff Edgers, writing for The Washington Post:

The numbers back him up. In the past decade, electric guitar sales have plummeted, from about 1.5 million sold annually to just over 1 million. The two biggest companies, Gibson and Fender, are in debt, and a third, PRS Guitars, had to cut staff and expand production of cheaper guitars. In April, Moody’s downgraded Guitar Center, the largest chain retailer, as it faces $1.6 billion in debt. And at Sweetwater.com, the online retailer, a brand-new, interest-free Fender can be had for as little as $8 a month.

Halsey Talks With The Guardian

Halsey

Halsey recently sat down with The Guardian:

Her own career seems to be in no danger of dissolving, but something she says suggests that she may one day change its direction for the sake of self-preservation: “Ultimately, I’m going to end up a songwriter. I don’t think I’m going to be an artist for ever. People who do it have a sick masochism.”

Apple and Record Labels Working on New Deals

Bloomberg:

The record labels’ deals with Apple expire at the end of June, though they are likely to be extended if the parties can’t agree on new terms by then, said the people, who asked not to be identified discussing private information.

The negotiations would bring Apple closer to the rate Spotify Ltd. pays labels, and allow both sides to adjust to the new realities of the music industry.

And:

Apple initially overpaid to placate the labels, who were concerned Apple Music would cripple or cannibalize iTunes, a major source of revenue.

The growth of Apple Music hasn’t been as detrimental to iTunes as labels had feared. But record labels are still asking for precautions.