Word: cds
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...secret to the DMB's success is not its CDs but its concerts. Only the big boys in rock--Mick, Bruce, Bono--can routinely fill 60,000-seat stadiums. Add Dave to that list. In 2000, according to Amusement Business, the DMB was the country's top-grossing touring rock band, taking in $66 million...
There is a conventional wisdom about people in the music industry. They are seen as social gadflies who dress black-on-black, talk irreverently all the way through award ceremonies and can't wait to party away all the easy money that accrues from selling low-royalty back catalog CDs to baby boomers replacing their vinyl collections of aural anarchy from the pre-disco era. That is an unfair characterization which covers only 99 percent of the industry...
...currently, when a CD is purchased, the majority of the proceeds go to the record label that produces the CD instead of to the artist. This system of compensation may have made sense when the only means of distributing music was through the sale of cassettes and CDs--the companies that made music portable deserved a slice of the pie. But as technology has progressed, the vested interest of the recording industry in maintaining the status quo threatens to undermine new and better ways of distributing music...
...emerging as one of the greatest guards of all time. I find it odd that a dad whose kids are listening to Eminem upstairs reads about Allen Iverson in the papers and says he's not going to watch anymore. He should be taking away those Eminem CDs...
...CALL US In the past several years, many banks have aggressively marketed "callable CDs," longer-term deposits that may be redeemed by the bank--not the holder--after a preset period. Customers, particularly seniors, have bought the CDs, eyeing high interest rates and mistakenly believing they could cash them in at will. Complaints to the SEC grew fivefold last year, and several states, including Texas, Florida and Arizona, are investigating marketing practices...