Record Labels Are Starting to Scare Me

Universal and Warner within the past few weeks announced that they were making investments in companies that handled artist management or web networking.

The big four labels are not going to turn it around any time soon being a record company. CD sales continue to nose dive.

Warner is spending $110 million to buy more of Front Line Management, an artist management company that represents Jimmy Buffet, Christina Aguilera and others.

Universal bought a position in, a hip-hop social networking site that offers cash prizes and recording contracts.

This scares me.

I know you could say, Jerry, you're&hellip