By Deborah Wilker
NEW YORK — While sales of recorded music and attendance at concerts continue to slide, profits in the increasingly legitimate secondary ticketing market have surged so dramatically in the past year that music dealmakers now liken the industry climate to a Wild West gold rush.
With FM radio no longer shaping American musical tastes and music labels seemingly less focused on artist development, agents and promoters now have a vital new channel for artist financing, consumer data-mining and direct-to-consumer promotion. But just how the music industry will quantify, capture and make use of all that potential data and revenue is still shaking out. (Full Story)