Miles Copeland writes about how big record companies are not greedy in his guest column on the RIAA website. He mentions a few that have "been shuttered," A&M, Geffen, Chrysalis, IRS, etc.
But Geffen Records was sold to MCA, and the man behind the label went on to form Dreamworks SKG with Steven and Jeffrey.
I wouldn't consider a company that was successfully sold to another operating company a business failure, or indication that an industry's profit margins are shrinking.
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