David finally beats Goliath? Reign of majors as we know it is over...

The recent malaise at EMI could soon be followed by layoff rounds at other majors, according to sources. Sources claim possible reductions are ahead at Sony BMG, particularly "on the Sony side." A restructuring would touch the Columbia and Epic labels, according to the information, though action may be "a ways off". Warner Music Group was another label tossed around, though one executive warned that layoff predictions are still in a "chatter stage".

In particular, sinking CD sales have plunged labels into a struggle for survival, despite rapidly increasing digital sales.

Meanwhile, the employment picture remains a bit rocky outside of the labels as well. Intense disruption and consumer change are magical ingredients for entrepreneurs, though the space has serving plenty of highs and lows. That has smaller companies entering, exiting, buying and being sold, while larger companies struggle to concoct meaningful digital strategies.

Against heavy pressure from heavyweights like MySpace, MTV Networks recently shed 250 employees, part of a shift towards new media initiatives.

This means: Highly qualified employees availble and a market ready for disruptive innovation. And exciting times ahead. And quite frankly, I don't think the quality of music will suffer for it - au contraire mon ami....