Skip to main content

Music Industry Execs Cautiously Upbeat

The mood of music industry executives and observers has turned more upbeat and bullish -- or at least so it seemed at the annual Billboard Music & Money Symposium held recently in New York City.

In the same forum last year, former Sony BMG CEO Andrew Lack, who recently was pushed into the chairman post, expressed doubt over the near-term outlook for music industry momentum, proclaiming that "three to four years from now, we are lucky if we land where we were two years ago."

However, this year's event heard some cautiously optimistic tones. After increasing revenue by 1.5 percent at his firm in 2005 to $5.8 billion with profits of $570 million, Universal Music Group chairman and CEO Doug Morris said he expected further erosion of the physical CD business and increase of the digital business over the next five years.

Popular posts from this blog

AI-Driven Data Center Liquid Cooling Demand

The rapid evolution of artificial intelligence (AI) and hyperscale cloud computing is fundamentally reshaping data center infrastructure, and liquid cooling is emerging as an indispensable solution. As traditional air-cooled systems reach their physical limits, the IT industry is under pressure to adopt more efficient thermal management strategies to meet growing demands, while complying with stringent environmental regulations. Liquid Cooling Market Development The latest ABI Research analysis reveals momentum in liquid cooling adoption. Installations are forecast to quadruple between 2023 and 2030. The market will reach $3.7 billion in value by the decade's end, with a CAGR of 22 percent. The urgency behind these numbers becomes clear when examining energy metrics: liquid cooling systems demonstrate 40 percent greater energy efficiency when compared to conventional air-cooling architectures, while simultaneously enabling ~300-500 percent increases in computational density per rac...