As "Hits" continues to chronicle the downfall of the Warner Music Group, one must ask if major labels are even the story anymore. So Warners numbers tanked. Its not like this is a surprise.<br/><br/> After all, CD sales have been going down, down, down for years, unrelentingly. Hell, Warners market share improved recently, and the numbers still went down. That begs the question, is a lot of a little even relevant? We can dissect EMI and Sony BMG all day long, chronicling their problems.<br/><br/> EMI has essentially turned into Chrysler, another private equity boondoggle by someone ignorant in the sphere who has now downsized the company beyond recognition. Sony BMG has got a street guy, Charlie Walk at Epic, who ....
midnight Thursday 8th May 2008 EST