CD sales have been rapidly dropping the last years, according to the record labels mainly due piracy, but also the introduction of the DVD, the bad economy and the lack of innovation should be considered harmfull to music sales.
The New York times has an article on how the music industry will keep using the CD to make their profits, as its still responsible for their main income, they however do expect a lot of changes:
Most analysts and industry executives agree that selling music online is the future. But they say it will take at least two years for companies to devise a business plan for it that makes financial sense. In the meantime, the CD will remain the biggest source of revenue for both music retailers and recording companies, who will try to squeeze as much profit as they can out of each and every sale. |
As a result, the CD is being rethought, repackaged and, in some cases, repriced.
A lot more information can be found in the long and extensive article on the New York time here. Discuss this subject in our CD Freaks LivingRoom.
Source: NYtimes.
