Media Research Exec Says Music Industry Is On Its Last Legs 401
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."
So long Music Industry... (Score:5, Funny)
And here is me... (Score:5, Funny)
A DRM'd copy... (Score:2, Funny)
Re:And here is me... (Score:4, Funny)
Re:And here is me... (Score:5, Funny)
Re:Recruit Better Talent (Score:4, Funny)
-Rick
Re:death of the industry or of the album? (Score:5, Funny)
Reality copies art? A sum. (Score:2, Funny)
TFA is in a locked site so nobody can comment on it.
MP3 made sense in the last generation of technology, no longer does it make sense to embrace it.
Buying an album always is waiting for the other shoe to drop - which is the good song in it?
An album of filler is to a lossy MP3 of a great performance,
as a subscription-only website is to which of the following:
a. TFA
b. Record industry profits
c. Slashverbowling
c. CowboyNeal
d. All of the above
Re:death of the industry or of the album? (Score:5, Funny)
Re:Apropos quote in the article (Score:3, Funny)
Musicians?
Chris Mattern
Re:Indie music (and albums) (Score:3, Funny)
Off-topic, yes, but mod me up +5 for CREEPY.
Re:death of the industry or of the album? (Score:5, Funny)
Re:death of the industry or of the album? (Score:1, Funny)
Re:death of the industry or of the album? (Score:3, Funny)
all the best,
drew
Re:Just like the VCR killed Hollywood. (Score:3, Funny)
(I couldn't resist)
Re:So long Music Industry... (Score:2, Funny)
Labels really aren't concerned with what you actually want. They want to tell you what to want and then make you buy it through a system geared toward the label instead of the artist.