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SXSW 2009 - Day 3 in photos by Leia

photos by Leia Jospe

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“CD sales are down. Digital hasn’t caught up. Record companies are consolidating. New bands are trying to find their own way.

Despite all the challenging news, thousands of industry professionals and eager music fans turned out for the South by Southwest (SXSW) festival in Austin, Texas, over the weekend. The festival, tailored to recording industry talent seekers and the talent they seek, officially ended Sunday.

While optimism ran high at the five-day whirlwind of panel discussions, trade shows, live concerts and private parties, much of the conversation throughout the event focused on the sobering reality of the music industry’s uncertain future.

“Obviously we’re going through a transition. All of the major record labels have gone through some sort of cost-cutting and consolidation over the last few years,” said Rand Hoffman, head of business and legal affairs at Interscope Geffen A&M Records.

“Right now CD sales are falling more rapidly than digital is going up,” he told a group of SXSW festival-goers at a panel discussion on the future of the industry.” [CNN]

Leia spent Thursday at the BV day party at Radio Room. On Friday, she ran around to three different Austin venues, seeing favorites like No Age, Titus Andronicus, HEALTH, and The Mae Shi. More of her pictures below…

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That Ghost @ Habana Calle 6 Annex (AAM Party)…

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Charles Hamilton @ Habana Calle 6 Annex (AAM party)…

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Health @ Habana Calle 6 Annex (AAM party)…

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The Mae Shi @ Habana Calle 6 Annex (AAM Party)…

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Titus Andronicus @ Habana Calle 6 Annex (AAM party)…

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Health @ Ms. Bea’s (Todd P party)….

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No Age @ Club 1808…

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Check out Day 3 in photos by Jacob