CD Music Sales Down 20% In Q1 2007
prostoalex writes "Music sales are not just falling, they're plummeting — by as much as 20% when you compare January-March 2007 with the 2006 numbers. The revenue numbers are actually worse, since CD prices are under pressure. The Wall Street Journal lists many factors contributing to the rapid decline: 800 fewer retail outlets (Tower Records' demise alone closed 89); increasingly negative attitude towards CD sales from big-box retailers (Best Buy now dedicates less floor space to CDs in favor of better-selling items); and file sharing, among others. Songs are being traded at a rate about 17 times the iTunes Store's recent rate of sales. Diminishing CD sales means that you don't have to sell as many to get on the charts. The 'Dreamgirls' movie soundtrack recently hit #1 by selling 60,000 CDs in a week, a number that wouldn't have made the top 30 in 2005."
http://slashdot.org/comments.pl?sid=227533&cid=184 33111
Support NYCountryLawyer RIAA vs People
"You're not entitled to my money" is that lesson.
I have nothing to say.
It would be nice to know that all ??AA content was moving 20% less of their volume, including the P2P stuff. How is the indie movement going? Are their numbers up? Let's hope so. Give the artist less incentive to join up with the RIAA and their types.
What?
Only recording artists will be hurt over the long run. Those who are willing to sing for their dinner will do well.
The force that blew the Big Bang continues to accelerate.
I wonder a bit about iTunes vs. peer-to-peer metrics. On iTunes one is liable to buy a single track or two whereas on file sharing services downloading the album is usually the only choice (even if you only want one track). This alone would account for some of why file sharing is so much more voluminous.
CommentBot 0.7a running with args "-module irritate,disagree -target random"
This may have something to do with the garbage that the record industry keeps churning out. Seriously, the Dreamgirls soundtrack was #1? What does that tell you?
It may also have something to do with a downturn in the economy, uncertainty about the future, record levels of consumer debt, and energy prices that take up an ever-increasing share of people's budgets.
But, certainly, above all these factors, it must be the file sharing!!!
www.timcoleman.com is a total waste of your time. Never go there.
The other day, I was in a trendy clothing store. Embarrassment aside, I could not believe all of the innovative music that they were playing. There was one particular track that I wanted to buy so I queried the sales folk as to the artist name and title. They had no idea and were not provided with any resource to fine out.
But that got me thinking: The ClearChannel monopoly on our radio stations is the source of this problem. They "pay to play" the same 40 songs all day.
I remember back in the early 90s when the FCC allowed this sort of thing (it was previously not legal for a single company to own more than a certain amount of radio stations in a given market... I don't know the exact detail but I remember the discussion). I look back on the variety of music from pre-monopolization and it really illustrates the difference.
But they can always blame the pirates.
More
Guess what.
Asia still has a thriving music industry.
They just have to make their money differently.
[Fuck Beta]
o0t!
Songs are being traded at a rate about 17 times the iTunes Store's recent rate of sales.
According to the article, this information is provided by BigChampagne LLC. According to their website blurb at http://www.bigchampagne.com/thedata.html ;
"Like it or not, the vast majority of online entertainment media is now acquired for free on P2P file sharing networks, and BigChampagne is there."
Cue lots of rubbish about network operation centres and live feed monitoring. Anyone want to throw out ideas about how they really monitor this stuff? Is there a way of downloading torrents with a client and finding out exact data transfers automatically?
And the fact that Q1 of 2007 has had virtually no decent new music released couldn't have anything to do with it?
This is a time when the R&B era is over and Hip-hop is on the decline. Traditional Pop music seems to have all but vanished, rock music has never recovered since the 90's and Punk for several years has been hit & miss.
Is anyone surprised people are buying less music?
Na na Na na...
Hey hey...
Goodbye!
I figured a song was in order. =)
Weaselmancer
rediculous.
Basically it boils down to kids only having a limited amount of money buying other products which are cheaper. Video games, cell phones, and consoles are becoming cheaper yet cds are remaining expensive. Add to deteriorating job market and higher fuel costs which hurt teenage consumers the most, and you will find they would rather spend money on other items.
THe music companies have their price point figures off with supply and demand and should lower their prices like the game makers and cell phone companies are doing.
http://saveie6.com/
we could say it was the music buying populace engaging in a measured boycott of the industry fronted by the thugs at the RIAA, but sadly, I don't think that's it. And I can't even say that it's because popular music (you know, the kind that climbs the charts) sucks, because it has sucked for 20 years or more (I blame The Cherry Hill Gang). I know why I so rarely buy CDs anymore (there's little I like, and Pandora hasn't catalgued bands I do like yet), but I am considered a social deviant so I don't ascribe such simple and straightforward motives to the mass of the music buying populace.
init 11 - for when you need that edge.
I have admittedly narrow tastes in music. As one of my friends pointed out I only like bands that released stuff between the years of 1994 and 2000, with a couple of exceptions.
So the part of the reason sales are down is because I haven't heard anything I wanted to buy in years.
Question everything
Lets say for second that this happens, that there is no conceivable way to SELL music anymore.
Does this mean that people will completely stop writing music, or does this mean that we might actually see some REAL music start to show up again instead of the "focus-group" marketed crap that the industry has been force feeding us.
Consumers don't want to fund your lawsuits. Here are some things that the music industry may want to consider if it is to gain its customer base back:
1. Stop suing your customers. Clearly it's not scaring people out of music piracy, but it's definitely pissing people off.
2. Get rid of the DRM. You're just punishing your legitimate customers. Oh, that's right, if you sell music without DRM, people might pirate it. Because nobody pirates music now.
3. People understand economics better than you give them credit for. Given extra middle-men and the cost of production and shelf space, the per-unit cost of a CD is probably fairly high. On the other hand, it costs very little to send a copy of a song over the internet. People know this, and they know the dollar per song price point is high. Lower it. Hell, try cutting it to 25 cents, and you may find that you sell more than four times as many songs. Call it a promotion and see how it works out for you.
Music is one of those things that you just don't need a brick-and-mortar shop to sell, or even a physical item. I'm sure the established industry will do everything it can to blame illegal file sharing for this trend, but that is only a vain attempt to prop up a dead business and keep a whole lot of useless people employed collecting big paychecks.
The simple fact: Their business model is obsolete. I would even go so far to say that the recording industry as a whole is obsolete now that the people who actually make the music have to power to self-publish and self-promote to the entire world.
=Smidge=
I got it directly from the artist's web site, and I paid them directly using PayPal. Was that counted for these statistics?
To give the artist even more credit, they put their *entire album* on their website inside a Flash player so I couldn't have downloaded it, but I suppose I could have hijacked the audio from my web browser. I bought the album because it's damn good, and I wanted to support the artist, and - of course - I wanted to be able to play the tracks in any order and on my iPod.
Kudos to the band Winterpills for showing just how to sell a damn album!
.
-- thinkyhead software and media
There are just too many reasons why the CD sales are falling. Here are some of them: .....
* Digital music sales
* Satellite radio
* Music channels on Cable TV
* CD's last forever or can be archived on computer and once the media goes bad, you can burn again. This means no more replacement sales. In olden days people used to buy same album again because the media didn't last forever.
* Lots of DVD/Computer/Games. People are spending their free times on these items instead of listening CD
* You only need one CD for the entire family. Earlier, I used to buy multiple copies of same albums (for car, house, office etc). Not anymore.
* Just a seasonal fluctuation with not too much of great music release.
Sure they're down 10% overall, but as someone else mentioned, how are the Indi bands doing? I'd say they're up.
Music industry needs to spend less time blaming P2P and pirates (Arrhhh!), and way less time recording dicks like K-Fed.
there's an effort to make an independent artist #1 on iTunes today
y Id=6645723
http://bumrushthecharts.blogspot.com/
(dunno if it's a scam or not, but it's an interesting idea)
also, there was an interesting story on NPR a while back about recording technology, including some mention of the fact that some people were upset when it came along and changed the way people experienced music (from gathering around and playing/singing to just listening). Music will always be around. The Recording Industry won't.
The Roots of Audio Recordings Turn at 78 RPM by Susan Stamberg
http://www.npr.org/templates/story/story.php?stor
http://www.npr.org/rss/podcast.php?id=1019
Of course, that was before the DMCA and the Sonny Bono Copyright Extension Act, etc.
PHEM - party like it's 1997-2003!
oh come on now, they've been saying that for decades. And besides we're talking about a 20% drop between 2006 and 2007. Whilst much of the music I find is crap to my taste there is some good stuff around, and I haven't noticed a 20% drop in quality of music a year ago.
This is indicative of nothing. There are so many different aspects to CD/music sales and values that focusing on CD sales is somewhat ludicrous.
... ever think that maybe your market had reached its saturation point, Steve? In fact, did anyone stop to think that maybe the music market itself has reached a saturation point where the majority of people who wanted to get CDs of older albums has done so?
In my personal opinion, modern, mainstream music sucks for the most part. I've been purchasing more independent music than ever before. Are independent labels included in these numbers? I download very little in way of illicit means. I like my CDs and I have no problems buying CDs, but most of the music out there from the major labels simply doesn't interest me any more. Why is the author not taking into account the "cookie cutter" mentality that dominates a lot of the mainstream music scene?
I'm sure that there are other reasons that are not due to illegal means. It could be something like how Steve Miller was bitching about how his CD was on the top of the charts for years and years then suddenly plummeted. Uh
And with more and more people learning about (and despising) DRM-laden, digital music, I'm not shocked at all to learn that on-line stores like iTunes are not offsetting CD sales drops. I refuse to buy music with any kind of DRM out of principle (yes, I know about analog loopback to strip off the DRM), but stores like eMusic and Magnatune don't have the artists that I'd like. If iTunes dropped the DRM, I'd buy a ton of songs from them, and I think that a lot of people have the same mentality.
Oh, well. I guess it doesn't matter. If we're not following the greed-laden will of the record industry, we're automatically pirates no matter what we say or do, aren't we?
The Overrated mod is for reversing inappropriate, positive mods, not for voicing disagreement with a post.
...when the compact disc (CD) arrived.
This is no different than the other evolutions of music distribution.
GET WITH THE PROGRAM, RIAA, or die a shameful, greedy death.
It is pitch black. You are likely to be eaten by a grue.
Just stick a mild compressor (3-6 dB) on your CD output, then mix in a cassette recording of your fireplace. Those old CDs will sound GREAT! You'll get the warmth, the soft rush of air^H^H^Hthe vinyl surface, and the soft popping.
The sooner the industry fails,the sooner music is back in our hands.
Music was here before the industry,it will be here afterwards.
What will change is;musicians will have a level playing field to promote themselves.
Listeners will not have talent arbitrarily selected for them by criteria of easy bulk promotion techniques.Instead we will get to decide what is good for ourselves.
Money will likely go directly to the musician for performance rather than royalty.
Open music and GNU like licensing will likely be the order of the day.
Internet radio will thrive.
Lets all do our part and quit giving the middleman money in exchange for continued abuse.
Just let it die.
*Repent!Quit Your Job!Slack Off!The World Ends Tomorrow and You May Die!
That is illogical. Suing is the answer. Humans must be sued. They must pay their fines.
You are mistaken. Prosecuting is the answer. Humans must be prosecuted. They must pay their fines.
Suing is the answer.
Prosecuting is the answer.
I have sued many humans.
I have prosecuted many more.
Music profits are protected.
Humans have paid their fines.
Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
By all means refer to recent music by (predominantly) black artists as MOBO (Music Of Black Origin) or some other unique name but please DO NOT hijack the name "R&B" (Rhythm and Blues) when describing that kind of music alone. The term "Rhythm and Blues" encompasses a very wide range of music, from the likes of Atlantic Soul music from Otis Redding through blues music like John Lee Hooker, Buddy Guy, etc. and was in use many years before being used as a category for modern mainly-black music.
Hip-hop is on the decline
And who's loss is that? All it did was take pieces from earlier songs, tear them apart and have some bloke talking over it.
rock music has never recovered since the 90's
A true rock music fan has more than enough material to last him a lifetime anyway. But as someone traditionally into the likes of Deep Purple, Led Zeppelin and Black Sabbath, not only are a lot of my heroes still wheeling themselves out on stage, I also have some good newer bands like Radiohead, Oasis, Kasabian, etc. that I can give a spin. I've been a rock fan (as well as some blues, soul and classical) for 35 years now and I'm still finding new and interesting stuff all of the time, stuff I missed from the early 70s through to new music today.
The whole "rock is dead" thing is a myth - it just never needed to be particularly cool and fashionable and just got on with it...
Is anyone surprised people are buying less music?
I'm actually buying less because I'm enjoying music more. I no longer buy CDs that just turn out to have one good song on them - I read reviews and download it from Usenet or BitTorrent first. If it's good, I buy it (I genuinely have about 1000 legally bought CDs) and if it's crap I delete it.
And I definitely don't buy from rip-off high street shops any more - much rather new or used online.
Gentoo Linux - another day, another USE flag.
...but they help us too. For instance, I am a professional pirate, and my business faces ruin. I don't mean that I have an eyepatch and cutlass and go around robbing ships. I mean I have an eyepatch and cutlass and go around robbing record stores. My trade has survived for years, but I now face the prospect of bankruptcy. Every day I ask myself why this is happening.
I inherited the title about 12 years ago from the Dread Pirate R0b3rtz. It was one of those practices that struck without warning, carried away as many CDs as possible, then scuttled the small, independent record stores as we left. I decided that to grow the business I'd need to aim for a different demographic, the family market. My practice specialised in aquiring family music - stuff that the whole family could listen to. I don't steal sick stuff like Marilyn Manson or cop-killer rap, and I'm proud to have stolen one of the most extensive Christian rock catalogues that I know of.
The business strategy worked. People flocked to my illegal fencing operation, knowing that they (and their children) could safely purchase records without profanity or violent lyrics. Over the years I expanded the business and took on even more cutthroat and ruthless employees. It took hard work and long hours but I had achieved my dream - owning a profitable pirate fleet that I had built with my own hands. But now, this dream is turning into a nightmare.
Every day, fewer and fewer of my stolen songs can be played. Why can no one play them? Do their players use proprietary formats? Are they not technologically inclined? I don't know. But there is one, inescapable truth - the RIAA is mostly to blame. The statistics speak for themselves - one in three song files world wide is encrypted with DRM. On the Internet, you can hardly find any music that hasn't been locked down by the RIAA. It has the potential to destroy the piracy industry, from buccaneers, to swashbucklers, to Dread Pirates like myself. Before you point to the supposed "social conscience of consumers", I'll note that the book store just across from my store is getting robbed daily. Unlike music files, it's harder to apply DRM to books.
A week ago, an unpleasant experience with record industry executives gave me an idea. In my favorite bordello, I overheard a slick, ponytailed record executive talking to his rockstar friend.
"Babe, I'm going to lock down your music so hard that if you play it with your windows down, you'll be able to sue the pedestrians."
"Gnarly, man. I'm going to be coked up in the VIP room for life!"
I was fuming. So they were out to destroy record piracy from right under my nose? Fat chance. I grabbed the little ponytailed, bluetooth-wearing flake by his shirt. "Arrr...you're going to lock down the piracy industry, eh?" I asked him in my best Blackbeard/Erik The Viking voice.
"Uh y-yeh." He mumbled, shocked.
"That's it. What's your name? You shall bear the mark of the Black Dot. Now take yourself and your greasy toothpick of a friend out of my bordello - and don't come back." I barked. Cravenly, they complied and scampered off.
So that's my idea - give RIAA executives the Black Dot. If somebody cannot respect the superiority of pirates, then they shall die by my cutlass. If the music industry wants to exclude pirates, then pirates should keel-haul them. It's that simple. One strike, and you're out - one instance of DRM, and it's off the plank with you. If you want to play tough, you should expect the big dogs to take notice. It's really no different than the ATF setting Branch Davidians on fire.
I have just written a letter to the pirates guild outlining my proposal. Impaling RIAA executives one by one isn't going far enough. Not to mention record executives use the fact that they're being drawn and quartered to unfairly portray themselves as victims. A national register of record executives would make the problem far easier to deal with. People would be encouraged to give the names of suspected record
Step into a huge movement. Don't Tread In Me.
How about
1. Everybody over 20 has now finished replacing their vinyl and cassettes with CDs
2. The only records you get to hear about are the handful of rubbish on the radio playlists that you're already sick of.
3. Under 20s are now pissing their money away:
PS: Kids! Get off my lawn!!!
In a survey of 100 programmers, 111111 thought that duck-typing was a good idea.
It almost seems like the two biggest free ad networks that they had in the past 20 years have stopped working for them, MTV (which needs to drop the M for something more accurate) and P2P. Maybe the RIAA needs to start an Internet video network to advertise their artists with music videos to improve sales. When I was in college, I would watch MTV 10 hours a week, and I had a decent idea who artists were, now I have no idea. I never went to a concert, and never bought more than 3 dozen CDs, but I imagine people that do spend money on music feel a similar apathy.
;) It's crazy that A-list actors make more money making one movie than 90% of us will make in our whole life. If movie companies would spend less on actors, they would have a lot more money to spend making more movies.
Further, if they want me to pay for anything they're selling, they can start acting like the proverbial mom-and-pop running their store who are happy to have my business instead of the offended matre'd at the country club who wants to keep out the riffraff.
Of course, the real problem is copyright. Sure we don't like DRM, but if copyright limits were much more reasonable, we wouldn't be having this problem. Current artists would have to produce something better than what was being produced 20 years ago, otherwise, Google, Yahoo, AOL, or XYZ Music Distributors could offer low-cost-DRM-free media from 20 years ago as an competitor to the stuff that's available today. Media companies would then have to try to find fresher IP than Star Trek "Every clip ever aired" DVD collection (only $3000!!!), Survivor Season 99, or Yet Another Hackfest Movie, or Rehash Mashup Remade from Last Year Song by "Diva you don't want to stand within 100 feet of for fear of catching an airborne STD".
Being well into middle age, allow me to reminisce a bit here.
Back in the late 1970s, the music industry was crying about illegal taping, and how that such piracy was cutting into their bottom line. Yet music sales zoomed to record, pardon the pun, levels in the 1980s.
Why?
Because:
(1) Disco $&%#@*
(2) MTV had just came online, and back then MTV was "all music videos, all the time."
(3) New artists were recording FRESH new music.
(4) The audio CD had just hit the market.
Fast Forward to 2007:
(1) Disco still $&%#
(2) MTV had become old hat , and MTV policy has become ","no music videos, at any time."
(3) New artists are recording FRESH new music, BUT are marketing it in such a way that the RIAA and the labels that underwrite it receive little if any profit from these sales.
(4) The audio CD has become old hat , and the market is shifting to to digital formats that require no physical media, and the recording industry has been slow to embrace these new formats, in complete contrast to their rush to embrace the audio CD back in the early 1980s.
STB
"Oh drat these computers, they're so naughty and so complex, I could pinch them." --Marvin the Martian
Yeah, because we all know, that all the old music (previous recorded) is just going to suddenly disappear...
Perhaps the music industry should just give up on selling cd's, allow free download of music, and resort to making money from product placement. We could have lyrics such as the following: I love you baby, like Pepsi. Won't you let me take you to dinner at Micky Dee's. Then we can cruise to my crib in my car, Chevy---it is the heartbeat of America. Tonight is going to be hot cuz I took my Levitra.
Wow! I didn't realize that iTunes was selling that much.
More seriously, these press releases always blame filesharing. It's a boilerplate complaint every time CD sales go down. In fact, it would be Man-bites-Dog news to read, CD sales rise while filesharing rates decline.
What I think is happening is that there is a more informed consumer that doesn't buy the record industry's garbage any longer. Ever bought a CD that had only one track worth listening to? I have -- more than once. Or bought a song you only cared to listen to a dozen times, but you bought it anyway? I have -- more than once. How about a song you wouldn't have bought at all if you'd listened to it first?
The record industry used to sell you a take-it-or-leave-it bundle of songs at a price of their choosing. If it wasn't on an overpriced single (relative to the cost per song when bought by the album), you bought the whole album album. Consumer cassette recorders came along and mix tapes arrived soon after that. The record industry responded with the higher quality of the never-wears-out CD. It took 15 years for affordable CD burners and blank media to arrive before you could reproduce a CD containing only songs you wanted to hear. All this time the record industry was able to bundle in a bunch of B-sides or worse on your only other choice of albums.
Now, finally, consumers are thinking in terms of single tracks. Why? iTunes store sells them that way, iTunes on your computer rips CD's on a track basis, and iPods set playlists by track. The We'll-Decide-What's-Right-For-You albums are dead. The industry just doesn't know it yet. All its contracts with its artists are at the album level. The album will be completely dead when recording contracts specify a certain number of songs, rather than albums. And that's why sales are falling. Consumers want singles to mix and match as they please, and the became easily possible to get them for free via filesharing long before the record companies started selling them that way. The record companies are blind and stupid for not seeing, and reacting, to this when Napster first surfaced, and still haven't learned this lesson. As such, they are attempting to utilize fear (we'll sue you), guilt (think of the artists), the courts (we have sued you), and lawmakers (remember our senator from Disney?) to force you go consume your music their way -- which it not our way any longer.
They will lose, but do a lot of damage on the way down.
"It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
If you can remember 5 words of the lyrics, go to Google and search on: "quoted words" +lyrics. You should get pretty much only the song you want with even that few a number of words, as well as a list of various artists who have covered it.
Of course, your next step is to try-before-you-buy, to find the version you enjoy most. One of the magic things of P2P was finding covers of songs you liked by artists you'd never realized had produced them.
"It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
VHS tape sales down Q1 2007! CDs are old technology. They skip. Their expensive (still). People would rather make their own. I haven't found a CD in quite some time to listen all the way through. MP3s are in now. Their portable and don't skip and are cheap to buy online. Its not file sharing that is decreasing sales, its just the fact they are easier to pay 99 cents and download online versus going to a store. Finding the CD. Hoping you like it. Etc. VHS tapes were down when DVDs came out. DVDs will start to dwindle eventually when HD-DVD/BlueRay is standardized and comes down in prices. Its just trends that the RIAA still likes to focus on as a reasoning for action when that really isnt the only cause of sales dropping. /end old information that keeps coming back as NEW
Bryan
Actually... bottle water is an example of successful MARKETING... and not much else.
1 0301228131
.mp4 video file) .mp4 file requires QuickTime 7 (free) or video iPod (not free) to view.
Bottle water is 1000x more expensive than tap.
FDA regulations on bottle water are much less strict than EPA's on tap water.
Studies shows that tap water quality is actually better than many bottled water.
A lot of bottled water actually come from taps and not from srings
http://video.google.com/videoplay?docid=-28625176
http://tinyurl.com/2jqrfb (6 MB
What I really want to share is a conversation I had with a mid-western independent record store owner last weekend. Whenever I happen to be in this little town where I was, I always try to stop in and patronize his store. He has got cool stuff you can't find anywhere else (read Wal-Mart, Target, Best Buy, etc) and it's organized so things are pretty easy to find. He also carries a large selection of smoking paraphenelia - try finding that at your local big box, lol.
Anyway, I asked him straight up how downloads had affected his business. "Not much really. It's Target that's killing me", he replied. "Not Wal-Mart?" I asked. He told me that, "Wal-Mart doesn't carry the explicit versions, but Target does. They can sell it for less than I can buy it. We used to have a good crowd on release Tuesdays, but now they all go to Target."
"So the downloaders aren't hurting you at all?" I asked again. "They don't have any money to buy CD's with anyway, so I really haven't seen much impact from downloading", he stated matter of factly. And you know, as he added up the total for the 6 CD's I was purchasing, I realized he was absolutely correct. The total was $105. Now I have a pretty good job and can afford to splurge on some CD's once in a while, but the average joe college, high school kid or even single mom could never afford what I just dropped on 6 CDs.
It was then that I realized what I had bought and why. I bought one of my favorite LP's, Pretenders II which has been remastered and a live disc added. So now I have the LP, the CD and the remastered CD. Chrissie deserves my money though and it sounds much better, so I don't begrudge that one. But the point is, here we go again, they are selling me the same thing over and over in a different format. Next it will be some DRMd DVD thing that I won't be able to put on my iPod. It is really getting old.
Three of the other CD's were stuff I had downloaded and wanted the CD. The other was actually the new Stooges CD. I guess the point here is that instead of prices going down, they seem to be going up (except at Target). The specialty retailer is a dying breed as price becomes a much bigger factor in the purchasing decision than selection, customer service and just having someone to talk to about music in general. Ever try to have a conversation with a Target or Best Buy salesperson about the time you saw the Scorpions and Iron Maiden on the same bill? Think they'd stand around for even a few sentences.
So what's the inconvenient truth revealed here? It's that downloads aren't killing the retail music business. The music business is killing the music business. You want to sell more product, price it competitively. $105 for 6 CD's is outrageous to me and I only bought them because I want the store to be there when I come back to that town in a few months and pay them another visit. It was the least I could do. Now, I've got to go to the library and see what's on hold for me there. Thank god for the library!
A song is on the order of around 4Mbytes encoded in MP3 (yes, I know about lossless and that is bigger). There is NO economics value of distributing music on CDs anymore. People stop uses horses when the automobile came about. I am sure all the stable hands were crying bloody murder about losing their jobs then, but people can't stop progress just because they are in the wrong industry. Same thing happened to typists. Same thing happened to slide rules manufacturers. Same thing happened to VHS. Same thing happened to cassette tapes. The same thing will happen to distributing music by CDs.
Let's face it folks. The problem with declining CD sales is due to one reason: the retail price is too high.
With prices going for US$15 or more per album-length CD even at Best Buy and Wal-Mart, the recording industry has priced their product in a cartel-like fashion that actually encourages ways to beat the system, whether it's piracy or buying music at a lower price through legal download sites. Why do you think the iTunes Music Store has done so well? Anyway, the RIAA should seriously consider setting a much lower price for a new album-length CD, probably more like US$12 per album maximum. At these lower prices, there is vastly lower incentive to pirate music, since more people can actually afford the real product.
Just last week I took down the CD tower that I'd had for the last 5 years. I threw it straight out, took all of the CDs in it, tossed their jewel cases and booklets, and just crammed the discs into a Caselogics book. Even that feels like a fantastic waste of space -- the binder-sized volume could all fit on a cubic centimeter of a disk in my computer, probably less if I were inclined to rip them all (which I'm not).
It took awhile for it to sink in, but the idea of paying even $5 for an album on a disc strikes me as a reckless waste of money, actually worse than just burning the $5 because I'd be introducing the inconvenience of managing a baroque artifact into my life.
Music albums are worthless and it's finally penetrating the popular psyche. It's no surprise their sales are dropping like a stone.