Miles Davis

Sony has come up with a creative way of generating revenue in the face of the industry-wide slump in music sales. The New York Times reports that executives at the company are tapping into the photo archives in the basement of its New York headquarters, and are expected today to announce a partnership with the Morrison Hotel Gallery—which showcases prominent music photographers—to sell off Sony's "gold mine" of classic rock images.

Apparently there are decades' worth of photos that were taken by staff photographers at Columbia Records, which Sony acquired in 1988. The images were more or less collecting dust until last year, when Sony started selling reproductions of them via its newly created boutique business, Icon Collectibles. Now, an exhibition of photos from Columbia’s 30th Street Studio is slated at the gallery for mid-July. "We're looking to take advantage of all the assets of the company, not just the audio recordings. We have the content, and we found a way to tap into it," John Ingrassia, president of Sony BMG Music Entertainment’s commercial music group, told The Times. Some of the hot ticket items include:  read more »