Anyone Seen My $4.2 Billion? (Esquire)
MS: While we'll never know exactly where all those bones disappeared, my specific theory is this: A lot of the money not spent on music in the twenty-first century is being used to pay off credit-card debt that was incurred during the nineties. In other words, not paying for In Rainbows today is helping people eliminate the balance they still owe for buying Mellon Collie and the Infinite Sadness when they were broke in 1995.
Record labels hit by demise of music magazines (Reuters)
MS: Labels are also ruing the demise of Harp's and No Depression's lengthy review sections, and seemed unsure about where to take their artists for coverage. "We're probably going to look at specialty folk magazines," Burnside Distribution VP Bill McNally says. Wittman says that he will still pursue pitching Rolling Stone and Spin, but, "it seems like everyone is cutting their CD review sections. It seems like a better strategy to target Amazon and All Music Guide because they have almost unlimited review space."
Doo doo doo: "Smoke on the Water" still top riff (Reuters)
MS: Deep Purple's 1973 hit "Smoke on the Water" is the greatest guitar riff of all time, according to a poll by a London music school that has taught members of top bands like Radiohead, The Kinks and The Cure. The majority of the 25 songs selected by current students of the London Tech Music School, were recorded in the 1960s, 70s and 80s. Only seven were recorded in the last 20 years.
"It was the iconic era for the electric guitar." head of the school's Guitar and Bass section John Wheatcroft told Reuters. "A lot of our students started listening to their parents records and discovered these bands through them."
The most recent song selected was "Seven Nation Army" recorded by American rock band The White Stripes in 2003.
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