"All in all, it's been a depressing summer for the music industry," writes Simon Dumenco today in the Mediaworks column over at Ad Age. He bemoans the gigantic PAUSE button that was depressed on streaming music operations like Muxtape and Pandora, details the majors' new tactic of pulling entire albums from iTunes in an attempt to direct sales, and generally agrees with the collective wisdom that the industry and the RIAA are desperately out of touch and crying for their coffers of what Dumenco terms "former revenue." That's what the rest of us might call "Coolio money." Slide slide slippity slide -- wonder where the music industry will be next summer. [Ad Age via The Daily Swarm]
