We here at Concentrate
have long sung the praises of Ghostly Records, which was founded by U-M alum Sam Valenti. Heck, they even provided us with music for our videos. Now, the New York Times' business section is finally noticing this cooler-than-cool company.
"A diversified product line can be a smart survival strategy in a struggling business, which the music industry continues to be 16 years after Napster shattered the highly profitable model of selling CDs. But according to Sam Valenti IV, Ghostly’s founder, the nonmusical goods that it sells are not a hedge against declining record sales. Music, he said, is profitable and by far Ghostly’s biggest product."
Read the rest here