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17 Million People Stopped Buying CDs In 2008
Houston 2600 sends along an Ars Technica writeup on the continuing downward trend in the traditional music business: NPD's annual survey found that 17 million CD customers dropped out last year. Among the good news is that streaming services such as Pandora are growing fast. "While overall music sales were up 10 percent in 2008, the year saw a drop not only in CD sales, but also in the number of customers actually purchasing music. But according to a new report, the act of listening to music is actually on the rise. ... NPD's annual Digital Music Study found that there were 17 million fewer CD customers in 2008 than in past years. CD sales have been dropping for quite some time, and while 1.5 billion songs were sold digitally last year, the number of Internet users paying for digital music only increased by 8 million in 2008."
...to mortgage-backed securities -- they get a better rate of return.
because 8 million people finally understood that they could buy single tracks online and not have to waste 20$ to get the two or three tunes they really wanted.
The other 9 million either went broke, discovered illegal file-sharing or simply got tired of the crap the industry is producing and moved to other things like books, movies, videogames or that new amazing thing called going outside. I hear the 3D is amazing.
I work in a building near a mall. Several times a week I go over there and either eat in the food court or walk around during lunch.
There are TONS of people at that mall every day.
But hardly anyone actually has a bag, or is doing anything more than browsing.
So far, if I had to spit-ball it, I'd guess 22-24 stores have either "temporarily" closed or just boarded their doors.
No one is buying anything right now. The funny thing is, if you have the money, right now is such a ridiculously awesome time to buy stuff.
In short, your assessment is 100% correct IMO.
Sent from your iPad.
This is actually a pretty good, simple way to describe a deflationary cycle.
"MIT betrayed all of its basic principles."
TFA says 1.5 billion downloads happened last year. That sounds a bit fishy since Apple alone sold 2 billion songs last year (see e.g. techcrunch article).
candy from crippled blind penniless orphaned cute puppies
Is there a torrent of that?
...the retail store is.
I'm serious. Kodak went thru the same process. Focused on selling physical high-volume goods (photo film & paper), they viewed the customer as the store buying stuff in volume - not the individual actually using the product. As a result, when digital photography started catching on, the manufacturer was faced with threats of retail stores dropping their products entirely. You see, the standard drug-store film-processing model required the end user to enter the retail store three times (buy film, drop off film, pick up prints), thus encouraging additional "well, while I'm here..." purchases resulting from the walk-in photo-processing model. Digital photography trashes that model: no longer must the end user come into the store so often ... which upsets the retailer, who then tells Kodak et al "don't go digital or we'll drop your products entirely". Thing is, by considering retailer = customer, the manufacturer doesn't see that the end user is going to go digital anyway and sales of film will eventually evaporate. Scared of losing the "customer" (i.e.: retailer), the manufacturer fails to serve the "real customer" (i.e.: end user), and isn't ready to handle the transition when it finally hits.
Same problem with music. Big labels see the retail stores as the customers, who complain "if you go to digital distribution we won't have anything to sell, so stifle that MP3 stuff or we'll stop selling your product" - not seeing that the end user is, en masse, going all-digital-download. You're not the RIAA's customer, the retail store is.
Can we get a "-1 Wrong" moderation option?
Pointless consumers whose lives are devoted to working and shopping discover they can't afford to shop any more, yet have no idea what to do with their free time other than going to the mall.
It's like the end of a zombie movie with the zombies wandering around aimlessly with no uninfected brains left to eat.
And we call this civilization.
I'm 25 :(
Now get off... Get off my l... No, I won't say it!
Finally had enough. Come see us over at https://soylentnews.org/
Sure...listening is on the rise...people are desperately listening to hope to try to find something WORTH listening to, and possibly buy to keep.
So much music today, is dispensible.
When I bought music, it was something I bought to keep and listen to repeatedly. I hear kids today buy songs...listen for a few months, and hardly ever return to them again? I still listen over and over and over again, most all of my music collection from over the years. I have songs from my parents' time. I have stuff when I was a kid (very young) in the 60s and early 70's. I like the stuff my my teen years...through college and all. For the most part, I quit finding new, good stuff I wanted in the early 90's or so.
I have a pretty decent sized collection. I don't have any throw away music....
What is the deal with that today? Is it due to the lack of quality/musicianship?
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
FACT: lots and lots of great music is made all the time.
FACT: human beings "bond" with music in their teens as music has an emotional component and the flood of hormones wreaks havoc with ones emotional make up and ordering. As a result: people "focus" on the music of their "coming of age" or maturation.
FACT: there has been no decrease in talent, nor has there been a decrease in creativity.
So, as people age, the hormone disaster retreats, and they lose interest in music as it is crowded out by careers, marriages, kids, and mortgages. Combine that with a multiplicity of technologies demanding one's attention (TV, Wii, XBox, Movies, Internet, etc.) and it thusly comes as NO SURPRISE that people think "music these days sucks" and "there's no good music anymore", when in fact, it is simply one's perceptions and hormonal predispositions have changed.
I'm an Older Geezer - I saw Genesis with Peter Gabriel, Yes, and King Crimson with Wetton on bass. I saw the Gang of Four, and the Clash, and MX80, Blondie, etc. Then I graduate university and I continued being fascinated by music. I also got married, and I saw my (now ex) wife lose interest, and my friends lose interest, and in the mid 1990s one of them said "yah know, Ralphie - music pretty much died in 75 and 76 when Disco and punk came down the pike" And I responded, "No, dumbass - you graduated high school in 75, and got that soul-deadening job at the air conditioning factory that drained all the life out of you."
I continue to listen to new music, even as I lose my hair and go ever grayer. I have thousands of CDs and LPs (most of which I have digitised or collected digital versions of) and I listen to music all the time and I am always listening for new good music, and I am never disappointed. There's TONS of great stuff gushing out of the world every single day. It's Art. It's WHAT WE DO because WE ARE HUMAN.
so when you say "There hasn't been any good music in 10 / 20 / 30 / 40 years", I say FUCK OFF and OPEN YOUR EARS.
Wanna learn more? get "THIS IS YOUR BRAIN ON MUSIC". Read it.
nuff said.
Shoes for Industry. Shoes for the Dead.
I have to say this is one area that the RIAA is right. I'm scared to walk the streets at night because the roaming nun problem.
Don't anthropomorphize computers. They *hate* that.
I've been fanatically buying music for the past twenty years, and I now have access to much much more quality new music than ever before.
I'm not trying to be rude, but stopping buying/finding new music seems to generally be a function of age ( I'm 36 ). Music which soundtracked your most hormonal years seems to sink in deeper ( playing things on the radio enough that it hits a *special* moment for people seems to be a large part of how the music industry works/worked. )
Listening to music from their earlier years seems to be conforting for people, but to say that the quality of music and musicianship has declined is just another 'the kids these days are shit' statement. Your position and emotional needs have probably changed, but it's still true that your all-time favourite band you havn't heard yet, and right now they're probably about 3-4 clicks from where you're sitting.
Sign of for Last.fm, or Pandora, or whatever. People who've grown up around the music you love are now making music themselves.
And turn the damn radio off.