Wednesday, June 09, 2004

MUSIC INDUSTRY IN CRISIS: Oh, hang on a moment, though: Sanctuary managed to turn a profit of GBP3.8million last year, oddly enough selling into exactly the same market as all the other labels. Admittedly, a chunk of the profits came from the buoyant live market, but even so, Sanctuary does seem to suggest that the difference between profit and loss in a record company is the difference between good management and mismanagement.

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