Merger of tropical labels reflects market hardships
Tagged: Puerto Rican, radioPosted on: January 22nd, 2007“Tropical independent label MP, known for its hard-hitting, Puerto Rican salsa acts, has merged its operations with indie powerhouse J&N, best known for its merengue and bachata releases.
The move is a reflection of the hardships faced by tropical music labels, which have seen radio stations switch formats and sales decline in the past decade. Tropical music, which in the 1980s and 1990s was a bastion of Latin music and identity, now accounts for less than 10 percent of all Latin music sales, according to Recording Industry Association of America numbers.”
Curation from Tomás
Filed Under: Business, Musica, Tomás' Picks
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