Slashdot Mirror
After Brief Respite Music Industry Slump Deepens
Carl Bialik from the WSJ writes "Sales picked up for the record labels late last year, but 2005 has been bleak. The Wall Street Journal ticks off evidence: 'During the crucial Thanksgiving week, for instance, the top 10 albums sold 40% fewer copies than the top 10 albums the same week in 2004. ... Sales of individual digital tracks on services like Apple Computer Inc.'s iTunes Music Store have increased -- but not nearly enough to offset the slide in CD sales. According to an estimate from SoundScan, overall sales of recorded music are down about 4.5%, if one considers 10 individual tracks the equivalent of an album.' The WSJ also lists familiar reasons for the decline -- 'online piracy, CD burning, high prices and competition for consumer dollars from videogames and DVDs' -- while adding, 'Lately, people in the music industry have said the same basic issues have been intensified by the growing popularity of pricey gadgets like Apple's iPod and Microsoft Corp.'s Xbox 360, as well as the rising prices for games that go with the new platform.'"
I wonder if they ever thought about the Quality of the music they sell??
'...if only "Jumping to a Conclusion" was an event in the Olympics.'
Could it be that the music industry is just putting 40% less desirable music? When it comes to new CDs and artists, there hasn't been all that much growth over the past year.
This is the market correcting itself. As the stranglehold the labels have over the music market wanes, the proper balance between listeners, artists and labels will be struck. As it is now, the labels wield far too much power. They definitely play a valuable role, and deserve the chance to make a profit, but their current model depends on certain inefficiencies (where they can most significatly exert control) which no longer exist.
This process of seeking a more equitable equilibrium is too slow, but it's definitely going in the right direction.
The WSJ also lists familiar reasons for the decline -- 'online piracy, CD burning, high prices and competition for consumer dollars from videogames and DVDs'
And of course they (deliberately?) omit the #1 reason:
shit product
They'll still blame the #1 reason on piracy though.
From the article:
This year, though, there's little Christmas cheer to go around. During the crucial Thanksgiving week, for instance, the top 10 albums sold 40% fewer copies than the top 10 albums the same week in 2004
All this means is the top 10 albums sold less this year than they did last year, that is not the same as a decline in CD sales or an industry slump.
If this year only 10 albums were available to buy, from anywhere, this years top 10 whould have had huge sales compared to last years top 10, but I'd be willing to bet there would definatly be less profits than last year.
Each year more and more CDs are put out and made available to the public. Surely the way to indicate a slump would be to release the total number of CDs sold in that week, or the total profits made by the music industry that week, and compare them.
For all we know, those same top 10 albums could have had record sales for every other week in the year, and now everyone in the world has a copy, the only people buying them are those that want 2 copies :o
It seems the music industry/RIAA has just employed some statistics experts to check the numbers and find anything that could be used to indicate a down turn, whether true or not.
The problem with slashdot is that most of its users were bullied and stuffed into lockers as kids!
The CD is not dead. It's still a convenient and relatively durable medium, much like a book. E-books have been around for years and you don't see them supplanting the real thing. In my inexpert opinion, this sharp decline in CD sales is attributable to a general stagnation in popular music styles, the aforementioned competition from other kinds of entertainment, and perhaps also widespread disgust with the music cartel.
"OH SHIT, THERE'S A HORSE IN THE HOSPITAL!"
"Sales of horse drawn carriages have slumped. Horse drawn carriage manufacturers are worried about the increased use of horseless carriages and are hoping to pass legislation making it a requirement for everyone to have a horse infront of their carriage."
Some say he is made with ascii, others that he is eyeballed daily by millions. All we know is, he is known as the Sig
Not to mention that Albums are now a way to take over your computer.
My non-expert eyes are seeing an interesting trend correlation between not just copy protection, but public awareness of copy-protection on cds and the decline of sales.
If you start taking away options from the customer without any added bonus you will start losing customers.
Perhaps the problem is that you keep buying average albums instead of above-average albums. I am constantly amazed when people on Slashdot point out how little they appreciate their music. I look at my own collection and I don't have a single album with a hit-rate that low. If I disliked the artist that much I wouldn't have bought the album or the single in the first place. I'll reserve my money for artists that I actually like.
This is exactly the problem the record companies are pointing at. The most important group (for them) does not buy music anymore: young people.
When we were younger we used to buy CD's (or records for that matter). We bought more than our parents. We still buy CD's, but less than we used to. This is known phenomenon: the older one becomes, the less music is bought.
Youngsters should buy more CD's than us older folk, according to pre internet expectations. That used to be the case. Nowadays, young people don't buy CD's anymore, they download. The older people's acquisitions still make up the tops of the charts.
The record companies obviously want to reverse this process. The above mention of horse carriages is spot on in that respect.
the pun is mightier than the sword
Stop comparing people who FileShare with thieves. A thief is someone who walks into my house and takes my stuff. FileSharing is like sticking a sign outside my front door saying feel free to clone anything in my living room but please leave the bedrooms private.
If you want to talk specifically about an intellectual property thief then I consider this to be someone who profits from another's works without giving fair pay. Like say a record company who locks artists into unfair contracts.
In my controversial opinion it doesn't matter if you download a track from e-mule of buy a CD from a store, the artist, in my opinion has not been given fair pay for their work.
At least those who download choose not to expose themselves to malware DRM rootkits or support corrupt cartels. Only legal persecution.
And no I do not download music. I also don't care people do download music or buy music from a shop. I hope one day the creators of these works get fair pay for their contributions without middlemen getting fat from someone else's talent.