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The Music Industry's Crisis Writ Large

The NY Times has an opinion piece that makes starkly clear the financial decline of the music industry. It's accompanied by an infographic that cleverly renders the drop-off. The latest culprit accelerating the undoing of the music business is free, legal online music streaming. "Since music sales peaked in 1999, the value of those sales, after adjusting for inflation, has dropped by more than half. At that rate, the industry could be decimated before Madonna's 60th birthday. ... 13- to 17-year-olds acquired 19 percent less music in 2008 than they did in 2007. CD sales among these teenagers were down 26 percent and digital purchases were down 13 percent. ... [T]he percentage of 14- to 18-year-olds who regularly share files dropped by nearly a third from December 2007 to January 2009. On the other hand, two-thirds of those teens now listen to streaming music 'regularly' and nearly a third listen to it every day."

5 of 554 comments (clear)

  1. Re:Let it die. by sopssa · · Score: 0, Troll

    You might actually like to give a read to my later posts on this story before modding me troll as "music industry troll". Both this and this we're really good comments trying to get a line between music industry and pirates. But seems for the latter ones anything isn't enough in slashdot, so they got buried as "troll".

  2. Decimated by cgenman · · Score: 1, Troll

    "Since music sales peaked in 1999, the value of those sales, after adjusting for inflation, has dropped by more than half. At that rate, the industry could be decimated before Madonna's 60th birthday.

    [pedantic brat] Actually, if it were decimated, it would only be dropped by 10%. It's a special Roman punishment for one's own armies whereby the general killed one out of every ten men (or 10%). This can be highly motivating, and was a much feared punishment, generally reserved for Mutiny.

    [/pedantic brat]

  3. Re:The reason... by interkin3tic · · Score: 0, Troll

    Seriously, if you don't like hip hop, pop, country or classic rock, there are -no- stations other than that anymore.

    Don't forget christian radio stations. Driving through the flyover states, that's about all you'll pickup. Even if you have an FM adapter on your MP3 player, you'll have to reset it every 20 minutes because there are so many goddamn christian radio stations.

  4. Re:You Only Rip Me Off Once by Anonymous Coward · · Score: 0, Troll

    Right. But i bet you're not done listening to their music. As other posters above have pointed out, using the "I don't like their sales methods/restrictions and until they give me what i want i'm going to infringe their copyrights" is a pretty self-serving argument.

    Walk the walk, if you're going to talk the revolutionary talk.

  5. Re:Hi. by DNS-and-BIND · · Score: 0, Troll

    This is why the American system is so horribly, horribly wrong. The government should be giving money so that artists can produce art and still have comfortable lives. I mean, look at America, look at the shitty people who have good lives - why should they? The government should take from them and give to those who are more deserving.

    --
    Shutting down free speech with violence isn't fighting fascism. It IS fascism!