Worldwide Phenomenon: As Crackdown in P2P Increases, CD Sales decrease.
BBC NEWS | Entertainment | US CD album sales show 7% slide — Just 7-percent? So what are they moaning about? It’s amazing it’s this high. The radio stations suck, P2P is banned, so there is no place to sample music. Who knows what to buy?
For Kindle and with free ePub version. Only $9.49 Great reading.
Here is what Gary Shapiro CEO of the Consumer Electronics Association (CEA) said: Dvorak's writing sings with insight and clarity. Whether or not you agree with John's views, he will get you thinking and is never boring. These essays are worth the read!
Subscribe to Main Blog feed here:
Subscribe to Comments too (below):
Bad Behavior has blocked 4609 access attempts in the last 7 days.
Another example of my ignorance. 🙁
Now I have to google “Benelux”… with my first guess being: Belgium, “something”, Luxemberg [“Low Countries”???]
Benelux = Belgium, Netherlands, Luxemborg economic union.
“Benelux = Belgium, Netherlands, Luxemborg economic union.”
Thanks.
Its something I used to know, but “use it, or lose it”.
I’ve said it once… I’ll say it again. It’s all about price.
Lower the price of a CD to the “impulse” price range and sales will go back up. I’m guessing that’s about seven bucks a CD.
What they lose in per-CD profit, they’ll gain back in volume sales.
This Xmas I got two DVDs: one about the life of Bob Dylan, one about the last Simon & Garfunkel concert. It’s so obvious why today’s music industry is in pain – there are no new artists capable of making music that lasts longer than a day. No talent – no sales. The music industry died 30 years ago.
After the sony debacal you wuold have to be nuts to buy music cd’s. My main music player is my computor. I play cd’s in my computor. I have had to totally reappraise my playing and buying habits. I am suprised this reason for not buying cd’s has not been concidered.
Could it be what they’re selling is overly digitized synthetic crap by marginally talented artists? Movies aren’t doing well either, but that couldn’t be because it’s 99% effects and 1% story, could it? Investor had rather make guaranteed returns on proven formulas that risk a loss, and better gains on a new idea. No, it has to be file trading.
I was in a large electronics Box Store a couple of days ago. After getting what I had come for, I was just checking out the CDs. I spotted a couple I would have been interested in, but not at 14 to 18 bucks. There was also some old remastered Rolling Stones CDs from the early and mid 1960s. For $14. Now why would the retail price for something 40 years old, be so much? It is not as if the record label or artists have not made their money yet. Sheesh, I owned every vinyl album the ‘stones made right to Let it Bleed (when they lost their blues edge).
As much as I enjoyed their music then, I went this long without owning the CD. I can go a little longer.
As for the newer music, who is there? 50 cent? Ya, right, get a life.
Too bad there is no way to include independant groups in here. I have only purchased CDs directly from the artists this year and expect to do so in the future. This means that the artists get the money and the music monopoly gets the bum’s rush.
I totally agree with GregAllen, when sales decline, EVERY other industry lowers prices. Why does the music industry think its immune to the laws of economics?!
We had a Harmony House go out of business in my town a few years ago. They had a 20-40 percent off sale. Due to the outrageous initial mark-up the CDs were still selling for a whopping 10 bucks each. But I bought 50 of them at that price.
As previously stated, this is more of a commentary about the quality of music in relation to its price point than proof that P2P has hurt the music industry.
I would think someone should take a look at the rise in costs of CD’s vs sales. The promise of the industry was CD prices would fall as technology improved. That didn’t happen. in fact, the oposite is true.
Dont forget satellite radio, now about 7 million subscribers. I had cassettes, was put off by cd prices, and then signed up for xm 4 years ago for a sailboat cruise. WOW. will never buy music again, and downloading is just another computer hassle I dont need.
The music industry has had it too good for too long. Who in their right mind would pay $13-$20+ for a CD when they can get it for free? Afterall, it’s hard to compete with free.
Personally, I believe the music industry will survive this recent “shake-up” without much visible change – their pockets are deffinately deep enough.