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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.
Wow, there's other reasons than "online piracy" that leads to declined sales of music. Heh, it won't be long until RIAA either demands a halt in the sale of high priced gadgets such as the Ipod and the Xbox360, or demands a portion of the income from the sales. ;)
While sales may be down to last year. itunes still provides a way for lazy people to legally download music, where if they had to go to a retail outlet would probably just resort to a P2P. So in fact itunes has increased profits regardless of amount. Don't mistake greed with reality
this timeline also explains the thanksgiving slump. funny how tfa does not mention that.
Maybe they should look at the top 10 grossing tours (US) from this year. According to Billboard they are:
1. U2 ($260M)
2. The Eagles ($117M)
3. Neil Diamond ($71M)
4. Kenny Chesney ($63M)
5. Sir Paul Mccartney ($60M)
6. Rod Stewart ($49M)
7. Elton John ($45.5M)
8. Dave Matthews Band ($45M)
9. Jimmy Buffett ($41M)
10. Green Day ($36.5M)
Hmm...I'm not sure about Kenny Chesney, but all of the other acts are at least 10 years old. I hate the Eagles as much as the next guy, but the mass marketed music today is Busch League, laughable.
He hates these cans!!!
Perhaps they just lost a file with part of the sales listed in it..
I think it was named $sys$Sales.txt or something like that..
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!
Funny, if I want to blow 20 bucks, I can go to a wide choice of bars and clubs with local acts, pay the cover and get a pair of beers and a couple of hours of entertainment with good company. I might even find a really good band that I never heard of before, and hell, I'd buy an album from them for a few bucks after their set was over.
.mp3, and maybe I'll buy something from them because I like to hear them.
If music is great, we don't need a leech-like promoter to tell us so. I'll hear them, or a friend will tell me, or a friend of a friend, they can send me an
I just hope in the music companies' death throes they don't drag down our laws with I.P. and DMCA any more than they already have.
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!"
Back in the late 1980's an import record shop in my area had the idea of putting together compilations on the fly for customers and burning them onto CD. The technology was available if expensive at the time, and the intention was to pay royalties to the copyright holders for the tracks which required just a really simple database. I suspect local agents for the record companies involved quite liked the idea, because it got as far as a press release - but then apparently threats of legal action followed. Only now, more than fifteen years later, a PC manufacturer is making a lot of money doing effectively the same thing with iTunes. In the meantime people have been burning their own music compilations for many years - one thing which long record company inspired delays in the release of consumer CD burners did not stop.
They are not going to move with the times - it may just look like they will because they may be bought out by groups that do. The studios are as bad/worse/often the same people - the long delay of consumer DVD burners is evidence of that and hopefully they won't hold up newer formats for as long.
"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
In europe in some countries they already levy a "tax" on mp3 player. In Germany I think this is levied on all storage devices, including hard drives. In Finland they currently only levy a tax on CD's and tapes.
Now is it me, or does this mean that the state has given up its monopoly right to taxation? I remember something about a war taking place due to taxation without representation...
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.
Well, my teenage son and his friends are copying my CD collection dating back to Buddy Holly (before my birth!) and are simply ignoring the current music offering. As a teen, I would not have been caught dead listening to my dad's ragtime music and I still can't stand 1920-1940s music. So it should be obvious - the current music suck baaaaadly.
It's the bands stupid...
Oh well, what the hell...
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.
Keep your cds in the cases and not lying on the floor. I have many cds that are 20+ years old with no issues. Apparently you have no experience with vinyl:) We can talk about that if you want to talk about scratches.
Broaden your horizons. I gave up on most pop music years ago. I started listening to Swing, classic Jazz, Opera, Folk, Qawwali, Klezmer, and anything else that was interesting. Much of it recorded before I was born. There is a lot of great music out there if you are willing to try something new.
Mea navis aericumbens anguillis abundat
I have noticed a phenomena not mentioned. Once I ripped my collection, then weeded the collection of the songs I really didn't like, then I had a condensed collection of all my favorite music. Put it on random play and it is like my own private radio station.
On random I have enough music that I never get sick of my own collection.
The implication for me: I don't listen to music radio anymore, ever! Think about it, I don't actually hear new music anymore. I have all the music I need. This is what they really need to fear. I notice my friends doing the same as well.
I do think other factors are crap music, while others discount boycott, I have been on a 3+ year boycott of RIAA now and it will never end. I don't need any more music, so their near monopoly is now dead to me. If I encounter a new band in a small venue that I like, I could by their album straight from them, but the RIAA will never get another penny of my money.
RIAA has more to fear from the IPOD than from downloads. Big random play collections replace the need for new music once it reaches a critical mass.
You know something? That's not a bad idea! We should show them our appreciation. We could chip in and buy them some really nice vehicles. But... (MUAHAHAHAHAHA!!!)
First, we need to build in some special safeguards, yes we do. We need to weld the passenger doors shut, for starters. No, these cars are just for these music industry executives, no free rides for their friends. They probably already have their own cars anyway. We add in a fingerprint lock on the ignition so only one person can start it up, and that should have the angle of no unauthorized riders covered.
Next, let's look at authorized use. We wire a GPS system directly to the engine and the lock on the gas tank. That way we can make sure the car isn't used to drive on any of the wrong roads, or fill up at any of the wrong gas stations. How it's maintained and driven will have an effect on its lifespan, so we have to make sure they take appropriate cautions.
Because we're buying the cars for them, we get to pick the color. I heartily recommend turquoise, teal, periwinkle, lime green, or peach with mauve racing stripes. Music industry executives like distinctive colors, don't they?
It'll take some effort, but I'm sure we can produce (or at least buy and modify) a car for these music industry executives as satisfying to drive as their companies' music is satisfying to listen to.
You cannot truly appreciate Dilbert until you read it in the original Klingon.
1865 - Locomotive Act (amended 1878) - restricted the speed of horse-less vehicles to 4mph in open country and 2 mph in towns. Act required three drivers for each vehicle - 2 to travel in the vehicle and one to walk ahead carrying a red flag... - the Red Flag Act.
1896 - Repeal of 1865 'Red Flag Act' after nearly two decades of strong support from horse interests. Horse-less vehicles now free to travel faster than walking pace! Royal Automobile Club founded. First RAC London to Brighton run held to celebrate the new era of speed. Race was won by Americans who didn't stop for lunch like the rest of the contestants...figures...
RS
Shoes for Industry. Shoes for the Dead.
I don't know about others, but one reason I'm buying less music than I used to, is because I absolutely refuse to buy a "CD" with copy protection on it.
Given that more and more CDs are being crippled by this, I find myself putting more and more of them back on the shop shelf.
As far as I'm concerned, the music industry is cutting off its nose to spite its face.
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.
The Billboard 200 Album Chart shows us the current top 10 consists of:
1. Eminem: Curtain Call--The Hits
2. Lil' Wayne: Carter II
3. Korn: See You on the Other Side
4. Various Artists: Now 20
5. Carrie Underwood: Some Hearts
6. Kenny Chesney: The Road and the Radio
7. Nickelback: All the Right Reasons
8. Mariah Carey: The Emancipation of Mimi
9. Black Eyed Peas: Monkey Business
10. Enya: Amarantine
Who did what now?
Actually, TFA did mention it:
They don't necessarily reach the same conclusion, but they do at least bring up the idea music isn't selling as well because current music simply isn't as good or appealling as consumers would like.
I think overall, top 10 format radio is down from prior years. as people decide to listen to the music on their iPods, or satellite radio, which offers a lot more variety than can be found in the Top 10. Also witness the populatiry of stations like "Jack FM" which play a varied playlist instead of the same 20-30 songs over and over again. People are listening to more music, and for the most part, better music than what can be found on the charts.
I've also noticed that the back catalog has become cheaper, you can get some decent albums from the last 10 years for the price of $9.99 (Canadian) or thorough 2 for $20 deals at most CD shops, which works out to about 8 and a half bucks U.S, cheaper even than used CD's sometimes. This has cannibalized from marginal releases - I'd rather wait until it goes in the bargain bin in a few months, and get the chance to become more familiar with other songs on the CD before buying.