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Worthless CDs – how the music industry’s changing August 5, 2007

Posted by Al in : interesting,music , trackback

Only 20 years ago printing a CD was like printing money. People had no other access to quality music, the CD had become the only format to have, and people were happy to pay what were, in hindsight, extortionate prices for a CD of their favourite artist’s music. Now, CDs are virtually worthless, music is something that law abiding citizens are perfectly happy to pirate, and the music industry is in slow motion collapse. Artists, however, are still out there making music, and making money. But now the money is coming from live appearances, and from merchandising, which is something that the artist can control themselves to a much greater degree than CD publishing. This has lead, in turn, to the record companies having to reinvent themselves, and renegotiate contracts with their artists, in order to make anywhere near the money they were making only 10 years ago. How many companies survive the next 5 years will be interesting to see.

Comments»

1. Kenny Love - August 5, 2007

It is my expectation that CDs will be completely phased out by the end of 2008, particularly, since human nature is embracing digital downloads at a feverish pitch, and which once downloaded, can be applied to and utilized in multiple formats, i.e., CD, iPod, laptops.

Major record labels, however, are now simply experiencing what they have well deserved for far too long for abusing their priviledges of signing talented artists. Artists have now “smartened up” and many, if not most, appear to be taking great advantage of the accessibility of technology.

Kenny Love
http://www.MuBiz.com
http://yahoogroups.com/group/bsharpnews