Slashdot Mirror
Music Execs Stressed Over Free Streaming
itwbennett writes "At the Digital Music Forum East conference, held Thursday in New York, music industry watchers gathered to puzzle anew over the continuing decline in music sales. 'We have lost 20 million buyers in just five years,' said Russ Crupnick, a president at the analyst firm NPD Group who spoke at the conference. Moreover, only about 14 percent of buyers account for 56 percent of revenue for the recording industry. In years past, the blame was put on digital music piracy. At this year's conference, however, the focus was on free streaming Internet services, such as Pandora, MySpace, Spotify and even YouTube."
...free streaming over the air, i.e. radio?
There's no -1 for "I don't get it."
and most of the music sucks! What else is there to say?
Funny that I bought most of the music in last 3 years after listening on Pandora.
What they don't get is - digitization has made me purchase just one good song from otherwise crappy album and hence paying only a dollar and not a full 10-20$ they used to charge.
They will clutch at every straw and leave no stone unturned in their quest to increase sales... except for the myriad ways that they are their own worst enemy. It will never occur to them that suing your own customers is not good for business. They will never think that what is in my opinion the obvious "buy-a-law" political corruption (designed to institute perpetual copyright) in which they engage makes people with a conscience decide not to support them.
They will never consider that threatening tens of thousands of people with lawyer letters demanding they either pay a settlement or face a lawsuit they could not possibly afford, with no regard for the fact that many of them were innocent, might earn them some ill will. Nor will they think that taking children to court and using interrogation procedures obviously designed to intimidate them is something that decent people don't care to reward financially.
Nope, it's them evil pirates, those horrible music streaming services, etc. Of course it is. That adequately explains everything.
It's at a base level and I openly acknowledge that, but I can't help but to smile when I see that they are showing signs of desperation. They deserve more failure than they are experiencing.
It is a miracle that curiosity survives formal education. - Einstein
Except the big Wall St. banks. They're doing just fine. Cha-ching! Oh by the way oil is at $112, cha ching! We'll just get our friends at the Fed to keep interest rates at zero forever so you might as well stuff your money under your mattress since that way at least you will save on all the bank fees. You sure as hell aren't going to get any interest even on a CD. But remember to pay your 5-6% on your mortgage, plus all those other hidden fees, and pay your 20% on your credit card. Making money with interest is not for you, it's for us. Cha ching! Oh and we haven't told you what is going to happen to your savings with all this inflation we're not telling you about (believe the CPI because we take out energy and transport costs - hah, I mean, who uses THOSE THINGS anyway). Your house prices are not increasing though, so you're not even keeping up with this inflation. In 10 years or so you won't be able to afford a car, but we'll lend you one in exchange for your first born. After all it's your patriotic duty to save American car manufacturers! Cha ching!
Seven puppies were harmed during the making of this post.
The entire problem recently is simple. It is the MP3.
It has changed fundamentally how we listen to music, how we use music and how we expect to get it.
Napster wasn't just about not paying for music, it was about a different way to GET music. Only very recently has the music industry stopped the old practice of releasing a song for radio with a lead of a couple of weeks before it is available in the stores. The OLD logic was that they would advertise it through being played on the radio, create hype for the release , then have it released on a day with people queuing like they were selling iPhones or something. It worked because the consumer really didn't have much choice. There were few radio stations back then and you couldn't count on them playing the songs YOU wanted, so to hear your favorite artist when you wanted to, you needed a recording of it. Because only physical media existed this either meant buying one yourself OR getting a taped copy from someone else (and this happened a LOT, far more then the record industry would have you believe) OR borrowing an album from a friend (this happened a LOT as well).
There was no other choice, recording from radio was a lot of work and many stations talk(ed) through songs to try to stop this. The akwardness of LP's also meant people listened to music differently, you either had the radio on for casual listening OR had to flip a LP every twenty minutes or so for "serious" listening. While there were LP changers they were more expensive and couldn't play the B-side (at least mine couldn't, yes, I know I am old). The physical medium forced consumer behavior.
With the Sony Walkman this changed. While tapes had been available before, now people COULD play music on the go and HAD to make their own tapes (commercial tapes are to short). This helped create the era of the mix-tape, where people would create their own mix of music and share this as some sort of DJ on an individual basis. It made people see LP's not so much as things you listened to, but merely as containers for music which you then "downloaded" to your Walkman.
It was still a slow and akward process and the Walkman lost some of its original appeal. With the MP3 player it came back with a bang. Now people could create their own custom collection for hours upon hours of music. It changed the way people got their music.
Rather then having to buy an entire LP pre-filled with a music selection or get a friend to mix a tape during a slow process with a desired music collection, you could just pick music up from all sorts of places and use it in one long playback. Until you actually created your own tape with different music from different sources you just are not capable of understanding what a change a M3U playlist is. Just put a binary file on your MP3 player and it will be played. Guy at work has a new song? Copy it and you can listen to it. Among your collection, no quality loss like with a tape copy, no having to splice it in or create a new tape.
And because we could just take bits of music from anywhere, we did. My own early MP3 collections where a complete mix of different encoding settings and filename conventions, picking whatever song I liked from where I could find it.
AND then LISTENING to it, whenever and wherever I wanted it. Exactly the music I wanted, anytime, anyplace.
I don't just not buy music anymore, radio has all but disappeared from my life. If it wasn't for the radio on my MP3 player, I wouldn't even have a radio anymore. Oh wait, my clock radio has one and I use it because NOTHING wakes me up faster with the vile bitter hatred I need to get my day going then being woken by morning radio.
As for ads? Why should I listen to ads when I pick my own music? Ads are what we put up with on radio until something better came along. We no longer consume music this way.
And because we could pick up music anywhere, buying it is no longer an option. I had maybe a collection of 100-200 lp's. But that was build up over years and there were plen
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.