Legal US Music Downloads Beat CD Single Sales
Kelly McNeill writes "I've received a lot of feedback from osViews readers (my site) asking about the music download survey that we've been conducting over the past few weeks, saying that osViews readership must be skewed in one particular direction to get the results we did. The primary reason given is not necessarily the fact that iTunes has significantly surpassed its competitors, but that the results show legal digital downloads surpassing even CD sales. I must admit that even I thought this a was a bit peculiar, but now, according to a BBC World news report, it seems the survey is correct. Digital downloads have surpassed even physical CD sales!" Update: 11/04 23:35 GMT by S : The BBC story refers to CD single sales, so Mr.McNeill maybe not be quite as right as he thinks, sadly.
"but they're getting the last laugh, and still getting paid."
No they're not. Part of what sparked this is that the quality of music has gone down. They were making money by selling albums at a premium with only 2-3 songs the listener actually wants to have. That translates to roughly $5 a song. Now it's what, $1 a song? To put it another way, people will spend $10 instead of spending $45.
Over time, it might turn into better revenue, as more and more artists will have less and less pressure to create a whole album. But in the short term, the RIAA risks a huge chunk of their margins.
"Derp de derp."