Sun 13 Jan 2008
Chickens Come Home to Roost for Music Industry
Posted by a-cubed under CopyrightComments Off on Chickens Come Home to Roost for Music Industry
In this article, which misses one major economic element of the current decline (that the previous high was partly based on the 15-20 years it took music lovers to be able to afford to replace all their vinyl on CD) the following comment comes near the end:
“By mid-2007, when the majors realised that digital downloads were not growing as quickly as they had hoped, they landed on a more adventurous digital strategy. They now want to move beyond Apple’s iTunes and its paid-for downloads. The direction of most of their recent digital deals, such as with Imeem, a social network that offers advertising-supported streamed music, is to offer music free at the point of delivery to consumers.”
