Hi all,
I just heard a story on NPR as I came into work this morning about our first loves (not car, not girl.... but music). It seems that 2010 was the worst year for music sales in ANY category; record, cd, or file since Nielsen SoundScan began tracking it in `93. And it is more than just a shift from one format to the other; the loss in physical object sales is not even close to being offset by the intangible sales of computer files.
The story is here: :tears:..http://www.npr.org/blogs/therecord/2011/01/06/132694660/2010-was-a-very-bad-year-for-trying-to-sell-music..:tears:.
WARNING: This is not for those who have a heart condition, may be pregnant, or those who have Fri morning anxiety.
DISCLAIMER: Your mileage may vary.
SPOILER ALERT: Oops, sorry! That was in the second sentence.
This is really disheartening news. It is cited that the economy has had a bit to do with it, and though they don't say it, I'd bet that the rise of streaming sites has a place there too. People just don't want to own anything anymore in a digital/internet society. Those, coupled with illegal downloads are killing music sales and music as a tangible entertainment business could be ending. Concerts sell out, but cds get ignored. YouTube gets a million hits (thinking of Perry and Bieber... as much as I dislike both) but sales languish.
Is it just a cyclical trough, or something more?
I just heard a story on NPR as I came into work this morning about our first loves (not car, not girl.... but music). It seems that 2010 was the worst year for music sales in ANY category; record, cd, or file since Nielsen SoundScan began tracking it in `93. And it is more than just a shift from one format to the other; the loss in physical object sales is not even close to being offset by the intangible sales of computer files.
The story is here: :tears:..http://www.npr.org/blogs/therecord/2011/01/06/132694660/2010-was-a-very-bad-year-for-trying-to-sell-music..:tears:.
WARNING: This is not for those who have a heart condition, may be pregnant, or those who have Fri morning anxiety.
DISCLAIMER: Your mileage may vary.
SPOILER ALERT: Oops, sorry! That was in the second sentence.
This is really disheartening news. It is cited that the economy has had a bit to do with it, and though they don't say it, I'd bet that the rise of streaming sites has a place there too. People just don't want to own anything anymore in a digital/internet society. Those, coupled with illegal downloads are killing music sales and music as a tangible entertainment business could be ending. Concerts sell out, but cds get ignored. YouTube gets a million hits (thinking of Perry and Bieber... as much as I dislike both) but sales languish.
Is it just a cyclical trough, or something more?
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