Lack Points to Tough Years Ahead, More Cost-Cutting
Editor's note: Lack seems to be hinting at further Hi-Rez reduction. In a quiet move last year, Sony-BMG all but eliminated SACD from their vocabulary. Could DualDisc fall next? The comments offer a sobering dose of reality, and raise even more questions about what a major label will look like in five years. According to Andy Lack, that may not be a pretty picture, with the CEO casting a jealous eye towards smaller, independent labels. But the space remains volatile, with mobile music and entrants like Yahoo potentially causing a big revenue pop. Still, a straight-line projection puts the industry in a tough position in several years, with digital sales outlets showing only modest progress so far. That could set the stage for even more major label consolidation, though a difficult regulatory approval process could discourage a merger attempt.
Sony BMG chief Andy Lack continued to point to some tough years ahead, with more cost-cutting on the way. While Lack praised the onset of new sales formats like DualDiscs, paid downloads and ringtones, he did not see them driving overall company growth in the next few years. Speaking at the Reuters Telecoms, Media and Technology Summit in Paris last week, Lack commented that the new formats are mainly "staunching the bleeding of the loss of revenue on the top line," with the next few years likely to be lean ones. That will set the stage for even more cost-cutting, with the CEO pointing to "too many lawyers and accountants and too few A&R people on a relative basis."


NEW YORK, May 26 /PRNewswire/ -- Sony BMG Masterworks/Columbia Records is proud to announce the release of "Ca Ira" Roger Waters long-awaited "operatic history of the French Revolution," on SACD on Tuesday, September 27.
can start your own radio station and sell your soul to advertisers. Questions concerning quality were inevitable as everyone tries to air their favorite "Bitches Sin" track (Strangers on the Shore) to prove once and for all that their taste is better than yours.
TWYFORD, United Kingdom--(BUSINESS WIRE)--May 23, 2005--DTS (Digital Theater Systems, Inc.) (NASDAQ:
sales figures, but is the double-sided CD/DVD combo actually a hit with consumers? 

Services, long a leader in the music industry's evolution toward multimedia content, made history today with the completion of its 100th DualDisc title, Lauren Ellis's "Feels Like Family."
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