The Music Industry is Crying.
Like a bunch of little babies the "Music Industry" is crying their little heads off. Sales are down and retailers are reporting significant drops in sales compared to last years big Christmas push.
I heard an interview today where the head of one of these big companies blamed "illegal internet downloading" for the drop in sales. How long are they going to keep that up as their excuse for falling CD sales? What a joke, if this nutball actually thinks that illegal internet downloading is more prevelant now than it has been in the past then someone needs to fire his butt! Then this guy goes on to say that the "evidence" of this problem is the explosion of sales for iPods and other music players.
The truth is that CD sales have taken a nose dive because of online music sales, companies like Napster, iTunes, Rhapsody and others have been reporting record profits. It only stands to reason that the CD sales would take a hit. Besides, many people now have the flexability to go out and buy a single song without having to purchase the whole CD, this way they can get what they want and save $$$.
The boost in iPod sales and other players only goes to prove my point here. It is a little more difficult to download illegal tracks to an iPod, this guy obviously did not know that, otherwise he probably wouldn't have opened his big mouth and pointed his finger at "illegal downloads". What's more is that his apparent ignorance of his top competitor (iPod/iTunes) only goes to show how out of touch the Music Studios are with current technology.
For just $8.99 a month (I get my Napster subscription through AAFES) I can listen to all the music I want. That's less than the cost of one CD and I have almost unlimited access to a massive library! So why should I buy a CD? I don't even own a home stereo, I play all my music on my computer, my MP3 player or my car stereo, which now has Sirius. Satelite radio is probably taking a bite out of CD sales as well, though a much smaller one.
So we have all these new options for music and we just don't need CD's as much as we used to.
So now I'm spending $22.00 per month on "music" services, more than I have ever spent on music in my life. You better believe I have to have a DARN good reason to pay for a CD at some retail store.
Then there is the DVD factor. Every month I buy a new DVD or two or three, movies are just a much bigger part of my perfered entertainment than "music".
So there you have it. Napster + Sirius + DVD's = No CD sales here!
I predict that CD sales will continue to fall. The industry will not die, per say, but it will be significantly "downsized" over the next 5-10 years until it reaches an equalibrium. It's the law of supply and demand. They just don't understand that the demand is drying up and they need to cut back on the number of CD's they produce. Perhaps in the next year or two some young hotshot who understand all this will come on board with the music industry and open their eyes to the horrible truth, CD's just aren't in demand any more.:D