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Media Research Exec Says Music Industry Is On Its Last Legs

Posted by Zonk on from the internet-killed-the-video-star dept.

Ponca City, We Love You writes "For years, the major record labels have fought a pitched battle against the MP3 format. Although major labels like EMI and the Universal Music Group have embraced MP3s in recent months, a story from the Mercury News says early returns from those moves indicate they've had little impact on the industry's fortunes — for better or for worse. 'These are ailing businesses on their last legs,' said Eric Garland, chief executive of BigChampagne, a market research company focused on digital media. The question of copy protection on song downloads 'matters a whole lot less to them than it once did.' The industry has a bigger problem. Consumers used to buy CDs for $10 or $15 a pop. Increasingly, they're buying songs at about $1 apiece instead. So, even if transactions continue to increase, the industry is seeing far less money each time consumers buy and it's having a difficult time making up the difference."

8 of 401 comments (clear)

  1. So long Music Industry... by PollGuy · · Score: 5, Funny

    So long Music Industry, and thanks for all the Phish!

  2. And here is me... by Jaysyn · · Score: 5, Funny

    ...playing the world smallest violin.

    --
    There is a war going on for your mind.
    1. Re:And here is me... by Hanners1979 · · Score: 4, Funny

      If that doesn't get the RIAA knocking on your door, I don't know what will...

    2. Re:And here is me... by Dr.+Eggman · · Score: 4, Funny

      Sir, I have been authorized by the RIAA to halt this unauthorized and illegal reproduction of copyrighted silence.

      --
      Demented But Determined.
  3. Re:Recruit Better Talent by RingDev · · Score: 3, Funny

    You need better radio stations.

    -Rick

    --
    "Most people in the U.S. wouldn't know they live in a tyrannical state if it walked up and grabbed their junk." - MyFirs
  4. Re:death of the industry or of the album? by GodfatherofSoul · · Score: 5, Funny

    You, Sir, were not alive in the 80s.

    --
    I swear to God...I swear to God! That is NOT how you treat your human!
  5. Re:death of the industry or of the album? by spyrochaete · · Score: 5, Funny

    I was going to dial 867-5309 to ask for a witty retort but instead I ran - I ran so far away.

  6. Re:death of the industry or of the album? by rudeboy1 · · Score: 4, Funny

    I was at a White Wedding, watching a Stray Cat Strut, when I said Come On Eileen, but she was doing the Safety Dance, so I decided to wear My Sunglasses At Night. What can you do? Girls Just Want To Have Fun. Your only option is to Whip It and tell yourself It's Hip To Be Square. //sorry. Couldn't help myself.

    --
    Raging in an online forum won't do anything for the world around you. To see change, you must take action.