« Husband rips wife's eyes out | Main | Solitary Confinement for Female Combatants »

Sales of Music Decline Sharply

Of course it must be my fault - because I insist on downloading legal MP3s

In a dramatic acceleration of the seven-year sales decline that has battered the music industry, compact-disc sales for the first three months of this year plunged 20% from a year earlier, the latest sign of the seismic shift in the way consumers acquire music.

The sharp slide in sales of CDs, which still account for more than 85% of music sold, has far eclipsed the growth in sales of digital downloads, which were supposed to have been the industry's salvation.


Too many d*mned hippies making their own music and giving away for free - they must be anarchists - they must be stopped!!
Retailers and others say record labels have failed to deliver big sellers. And even the hits aren't what they used to be. Norah Jones's "Not Too Late" has sold just shy of 1.1 million copies since it was released six weeks ago. Her previous album, "Feels Like Home," sold more than 2.2. million copies in the same period after its 2004 release.

"Even when you have a good release like Norah Jones, maybe the environment is so bad you can't turn it around," says Richard Greenfield, an analyst at Pali Research.


Norah who?????

Sorry BigMedia - but some of us want a little more than the watered down pap you feed us ...

Not only that - but if you want me to use my bandwidth to pirate promote your material and do your "digital distribution" for you - think again ...


Tags: , , , ,

Comments

I think it's the simple fact that CD's are grossly overpriced. When I was a teen, LP's were $4.99 (USD) and I made about $3.00 an hour. Today a CD is $20 and the kids are making about $5 an hour.

I agree - CDs are grossly overpriced - which is why i buy them 2nd hand on ebay, in sales and loads from India any time I am there.

There are "budget shops" around which charge a decent price for CDs - but the range is limited.

When I was a teen it took me roughly a days wages from my part-time job to buy 1 vinyl album ...