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At Atlantic Records, Digital Sales Surpass CDs
The NYTimes reports that Atlantic is the first major label to report getting a majority of its revenue from digital sales, not CDs. Analysts say that Atlantic is out in front — the industry as a whole isn't expected to hit the 50% mark until 2011. By 2013, music industry revenues will be 37% down from their 1999 levels (when Napster arrived on the scene), according to Forrester. "'It's not at all clear that digital economics can make up for the drop in physical,' said John Rose, a former executive at EMI ... Instead, the music industry is now hoping to find growth from a variety of other revenue streams it has not always had access to, like concert ticket sales and merchandise from artist tours. ... In virtually all... corners of the media world, executives are fighting to hold onto as much of their old business as possible while transitioning to digital — a difficult process that NBC Universal's chief executive ... has described as 'trading analog dollars for digital pennies.'"
Cry me a farking river! If these industry assholes would have got on the bus in 97, they may have a viable option now.
They're so narrow-minded that they can look through a keyhole with both eyes at the same time.
The industry should have been the first out the gate with mp3's, giving the customers what they wanted and not what the record industry wanted to sell them.
It's almost poetic justice, the record companies have screwed the artists for years and now they seem to be getting their comeuppance.
I care for these assholes about the same that I care for that dinosaur car industry. Change or die!
I'm not anti-social, I'm anti-idiot.
Ummm... how are we thinking that CDs aren't digital?
How about just releasing everything world-wide, at the same time, instead of a handful of countries, or different dates for only a selected few countries? I don't care about your contracts and agreements, you're the ones who did that in the first place. It's your mess, clean it up. Your market is the whole planet, take advantage of this "new" fact.
And that goes not only for music but for movies and TV shows too.
There is an interesting paragraph in the article....
To paraphrase - we think the artists owe us more money
"It's not at all clear that digital economics can make up for the drop in physical."
Well, no shit. Their old business model of selling a $15 CD with 1 good song---aka ripping people off--doesn't fly anymore. If you just want that one song, you just buy that one song.
Digital sales aren't going to match physical sales because--plain and simple--there's a lot of complete crap out there that people don't have to buy, anymore.
It isn't right to steal, it's true. However, our rights to the public commons have been stolen by Disney and Congress. Irving Berlin's estate still gets royalties for Blue Skies, for crissakes. Therefore, perhaps a bit of civil disobedience is in order. It depends on your calculations.
I simply don't like the music produced right now, and I don't think I'm alone. In the 60's through the 90's, the defining part of each piece of music was typically the melody. We listened to things that had beautiful sounds and chords. We had thought provoking lyrics that read like poetry, or lyrics that one could simply associate with.
Now music is so hip-hop/rap influenced that the only thing the composers seem to think about is the beat and the star-power behind each act. This commercialization + beat + weak melody is just not working a vast minority, if not a majority of music listeners. A song today probably only has a single catchy part that lasts a few seconds, and the rest is trash. We are expected to buy this music so we can hear the 5 seconds we like of a 3:30 min song. What about the song as a complete work of art?
This problem has always existed, but before it typically showed up as filler in an album. Now the album has been scaled down to fit inside of one song, and it's just not a compelling experience.
Really young people are going to like whatever is produced because they don't know anything better- that is certainly a big market. However, the music industry has almost completely lost the 18+ crowd by trying to cater to people who have relatively unestablished tastes. They got away from the fundamentals and they're getting severely burned. If they produced good work and were losing money to piracy, I would feel sympathy for the artists and even a little for the labels who do the sound engineering. Since their work is crap, though, I'm not spending a cent on any music they produce.
Please, PLEASE stop calling copyright infringement "piracy". Piracy happens on the high seas, generally, lately, near Somalia. And it can be deadly, as the pirates who tried to attack the Indian Navy vessel learned last week.
Copyright infringement is not even stealing; it's copying. Stealing (legal definition) involves depriving the owner of their property, but copying does not do that; rather, it enriches both parties.
In addition, corporations have stolen from the public domain that was granted access to all works after a short period of time, as defined by the US Constitution. So, these corporations have reneged on their social contract, and therefore do not deserve to have their copyrights respected (note that this last part has not been confirmed by the courts, but it should, soon; Google "Lessig Eldred").
And I agree: rampant copying does help society, because it helps us ensure that we bring forward our culture, rather than letting it rot, forgotten, in unmarketable silos.
I feel fantastic, and I'm still alive.