Concerts Planned and Scrapped
Posted By Chino
There are several scheduled tours from some of the most talented acts throughout the world, the only problem is sponsorship. While many of the more established artists like Britney, Madonna, U2 and many others from all the music genre’s, have enough financial might to fund their tours, they still rely on many sponsors for their needs. Lesser artists who rely more on sponsorship have little ability to do so so some scrap tours while others ride on or establish partnerships with other groups to get enough funding. Sponsorships are dwindling but acts abound for many artists are on the waiting for such tours to promote their albums and songs.
The financial crisis has crippled most of the music industry giants with dwindling record sales that have even struck their electronic sales through the internet. This seems crazy for as the popularity of music downloads and purchases seem to be always on the uphill, sales through authorized download sites are on the downturn. Seems the crisis has finally caught up with the music industry who has suffered blow after blow from the ever deepening crisis. Time will tell if they can manage to recover but as the old adage says, the music must go on playing.