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The record business has taken some hits lately: 1. After more than a decade of double-digit sales gains, the $12.5 billion US market seems stalled at a paltry 2% annual growth rate. 2. Hot acts like Pearl Jam and Hootie and the Blowfish burst on the scene, only to come out with disappointing follow-up albums that sold a few million rather than ten. 3. Slick retail chains like Camelot and Wherehouse went expansion crazy, only to fall into bankruptcies. 4. MTV is now chiefly a programmer of whiny teen shows like Real World. 5. There is new competition for kiddie dollars, from 64-bit computer games to Pentium-powered, online chat to bungie jumping.