Record Companies Squeeze Blood From Stones They Already Own
By now even your grandparents know that a guy selling pencils in a tin cup is going to have better luck moving units than a major label selling CDs these days. So the big boys—including Universal, Warner, EMI, and others—have perhaps inevitably begun hoovering up management and promotional properties, finding new ways to shake loose change from the pockets of the artists they've already groomed. Hoping to shovel money at a potentially good idea for a change, many have made substantial investments:
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