Canadian music for business provider Mood Media is like many businesses globally currently are struggling with rising cost and falling sales. Their figures don’t really highlight that sales have increased due to acquisitions until you see how much their costs (including cost of acquisition) have rocketed.
My comment at CanadianBusiness.com here is meant to highlight that some costs, are like some landlords with retailers who refuse to reduce rents that are crippling retailers as less people come to the high street.
I quote, “The issue is similar to the challenge retailers face with less buying customers around, the fixed costs stay mainly the same but need to be apportioned across less sales. So with Mood Music they will have to make drastic choices about where to cut costs and really question organisations who are inflexible about the fees they bill to Mood mixes such as SOCAN that also have to be past into customers. “