For the first time since 1998, Australia's most recognizable music festival will not be on the schedule. In what appears to be an ever-expanding live music calendar, competition for headliners, audiences, and cash is only becoming fiercer and fiercer.
Articles hailing "the death of the music industry" are a dime a dozen, but recent stories about album sales, iTunes Radio, and radio audience shares -- when bundled together -- indicate that the big shift everyone has feared is actually genuinely happening.
Odds are, your favorite artist is out tonight busking, either on stage or by infusing the airwaves. The ongoing decline in revenues from music sales has forced artists to rely on touring and licensing to make ends meet.