Time for another Music Industry rant / I toldja so!

pettyfog · Apr 13, 2007

DRM, lock-ins, and piracy: all red herrings for a music industry in trouble

A British media research company has peered into the music industry's crystal ball, and the outlook for the next couple of years isn't so hot. Global music sales will drop to $23 billion in 2009, just over half of 1997's $45 billion and down 16 percent from 2006. The biggest reason for the steep decline is a drop in CD sales, which Enders Analysis believes will not be fully offset by digital sales in the next five years.

Is piracy to blame? Is DRM the solution? Enders Analysis says no, instead laying the blame for the industry's sliding sales at the feet of the record labels. "As we analyze the industry's core challenges... we consistently find that the industry has lost the ability to influence and control its future," reads the report's executive summary. "Worse, the industry has often appeared caught short, and its reactions accordingly wrong-footed."
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AGAIN!

And I dont have a bit of sympathy for this poor bloated 'General Motors' of the entertainment biz.. In fact LESS than GM.

The monopolists are reaping the whirlwind which dates back to their continuing to charge a 2 dollar premium for CD's over cassettes, when the magic silver disk actually cost less to produce.

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Time for another Music Industry rant / I toldja so!

pettyfog Well-Known Member

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Time for another Music Industry rant / I toldja so!

pettyfog Well-Known Member

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