The Year In Music

The Year in MusicThe music biz entered 1979 as confident as Goliath, despite a sales slump in the last six weeks of the previous year--a time when it normally does 33 to 40 percent of its annual business. It had much empirical justification for its hubris, having grown steadily fatter for 15 glorious, flamboyant, wasteful years. Its annual growth rate had averaged over 20 percent since 1975, and in 1978, led by the fantastic 42,000,000 sales rung up internationally by two high-priced releases--t...