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When they looked back at the end of the last decade, Jim and Greg described American Idol as one of the only major juggernauts in the music industry. Now, only a couple of weeks later, it looks like that monolith is crumbling. Simon Cowell has announced plans to depart the show, which debuted last week, to launch a U.S. version of The X Factor. In addition to being a major part of Idol, Cowell was a force behind the career popularity of Susan Boyle and British X Factor Leona Lewis. Jim and Greg wonder if Idol will be able to produce another Kelly Clarkson, Chris Daughtry or Carrie Underwood without Cowell. And, they wonder if X Factor will be the hit-maker to watch.

A world away from the American Idol business machine is a UK website called SlicethePie. Artists can use this site to get direct funding from fans, who in return receive a copy of the album, an exclusive relationship with the band, and possibly, a return on their investment. According to the site the standard deal is about a 16 cent return for every 1.63 invested per 1,000 albums sold. Now Slicethepie has announced its first real success story. U.K. rock act Scars on 45 has graduated from the fan-supported site to land a deal with Atlantic Records/Chop Shop Records. Chop Shop is run by Alexandra Patsavas, who supervised music on a number of Hollywood projects including Twilight, The O.C. and Grey's Anatomy. So, keep your ears open for Scars on 45 music the next time you tune into a primetime soap.

The 2009 numbers are officially in…but they aren't exactly clear. According to Nielsen SoundScan, overall music industry sales are up 2.1%. But as Jim and Greg explain, that's not necessarily worth celebrating. Album sales, which still account for the majority of revenue, are actually down 13%. What has gone up are digital music sales — and those don't add up. Of course, as Jim says, overhead with digital music is much, much lower. And, certain artists do have cause to break out the champagne, for example, Taylor Swift, who was the number one artist of 2009. She was followed by a phenom (Susan Boyle), and a recently departed (Michael Jackson). Michael Jackson wasn't the only posthumous winner. The number one selling album of the entire decade was by a group that stopped making music four decades ago: The Beatles.

Go to episode 216