records-614062_1280

Being a record label executive isn’t as cool (or fun) as it used to be. Ever since worldwide sales peaked at $38 billion in 1999, the industry for recorded music has contracted to less than half of that ($15 billion in 2014).

It’s not just sales — even profitability has found new lows. According to Ernst & Young (and as published in Billboard magazine), music has the… [Read more on Re/code]