The music business certainly contains some odd contrasts. On 5 November, the world’s biggest music publishing company, Time Warner, handed a cheque for £26 million to Elton John and Bernie Taupin for the future marketing rights to all their songs from 1974 onwards, including the next six future albums. This was the largest advance ever paid in music history. It reflected the safety of investing in the popular material involved.

Around the same time, a fairly successful but somewhat more controversial singer hit