not a question of resource rationalisation mate, it's simple economics... labels are no longer paying money for product and artistes... because they're not making money on it , ( or not to the same degree), thus the facility to produce that product is closed down and we lose it forever.
this last month or so month "Townhouse" closed it's doors forever.
some serious stuff came out of their rooms...
take a look at what Universal just paid for Sanctuary... not for the solid assets , not for the mechanical royalties, not for the album sales, or artist rosta.,
but the publishing rights on all of it... everything else is out of the window. because any commercial, or broadcast use of the material, even if completely re-recorded, is still subject to publishing royalties.
Now they're setting about closing everything, making everyone redundant as cheaply as possible., and getting the hell outta dodge.,
the list of other studios closed in the last 5 years due to the economic disaster (that is to be fair, partly the industry major's own fault) that has clobbered the music industry is long, and very very depressing.
some of us have avoided the worst of it by moving our core business model laterally... into Games for example... but not everyone can do so... and although the work is there, it's fickle, and short term futured... and increasingly in ever shorter supply for example I've (along with a number of colleagues and associated companies and production teams) just lost 3 months work for later this year, starting (or rather not so) later this month, because Nintendo have suddenly decided to move to using new Voice synthesis technology, instead of live actors and spoken word .... , now this has nothing to do with the matter at hand, but it's an example of how suddenly things change on the fringe of what used to be a solidly stable sector of the industry.
and no the cancellation fees don't nearly make up for it.
The back room boys in audio, like myself, used to be pretty much set for life, it's a skill set that normal life doesn't endow you with, and it was expensive to get set up in... and hard work.... but worth the effort.
now every pillock can afford a moderately powerful computer, and thanks to P2P sites and human nature, download all the expensive software a for free and use cracks of it.... and thereby has some of the tools (but none of the talent) .....
so to those that say
"oh yeah, but if the stuff was cheaper we wouldn't need to download cracks of it."
(software IP theft)
or, "it doesn't matter, if I rip off some billionaire muso's latest album, they can afford it"
(Music IP theft)
I say/.
opps off and die painfully.
not a coherent argument, just the reaction of someone on the receiving end of it's end results..