There Is a Non-Denominational Faith-Based Figure: Indie Labels Beat Out EMI in Market Share

Finally, some justice for the "little guys" -- though that classification gets less accurate as EMI's behavior increasingly mirrors Britney Spears in a 7-11. Independent record labels officially snagged 14% of the music industry's market share, leaving EMI behind with 10%. Apparently, corporate ain't everything... who knew? The death grip of the Universal Music Group is also slipping, ever so slightly, from 31.5% to 31.2%.

Back to EMI. You know, the big loser. How, one asks, just how do you fuck up a once-powerful industry conglomerate with infinite resources so badly that THIS happens? Oh, you mean by doing things like threatening to eat all of those indie labels for breakfast (TMT News)? Selling itself to someone who couldn't afford to fix it, despite having the best name ever (TMT News)? Keeping on a bunch of corporate suits and laying off the young, in-touch entry-level employees (TMT News)? Releasing an artist's single without asking (TMT News)!?

Yes, that's a froth I've worked myself into. It's kind of gross, but, then, so is the state of the music industry. I'm gonna take the positive slant, however, and invite you to give the indie labels a big round of applause for this winning lap. Turns out that the real secret to success in the record industry is a straight shot: respecting your artists, releasing creative new music in various mediums, and charging a fair price for your albums. What. A. Concept.

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