State of the Music Industry

Album Cover: New Skin for the Old Ceremony

"You told me again you preferred handsome men, but for me you would make an exception."
Leonard Cohen / Chelsea Hotel #2

Posted on September 04, 2003 12:45 PM in Music
Warning: This blog entry was written two or more years ago. Therefore, it may contain broken links, out-dated or misleading content, or information that is just plain wrong. Please read on with caution.

After seeing several mentions of changes in the face of music today, I figured I'd post something here about it. Nothing profound, of course, as that would require me to actually use my brain, and I've already been doing that too much lately.

It's interesting to see blurbs on sites like Slashdot that shed light on the correlation between online file-swapping and CD-sales. Amazingly enough, it seems that even though file sharing has declined quite severely this summer, CD sales continue to nose dive. I wonder how the RIAA explains that one.

I think, if anything, the current situation has been brought about by several factors. One, the economy still sucks, so people just aren't going to go out spending their money on mediocre music (of which there is always a plethura). Two, online file sharing has made consumers much more wily in terms of the music they buy. Now, rather than basing a $18 purchase on one single they heard on the radio, they go online and take a listen to some of the other album tracks, which, for the most part, aren't as good. They then feel good, 'cause they've been a smart consumer and have saved themselves $18. Three, the RIAA has just plain pissed people off. Instead of taking the "US-plunges-into-Iraq" approach to scaring the bejeezus out of computer savvy consumers, put your money to good use and try and embrace those consumers by reinventing the way you do business.

I can't even remember the last time I bought a CD. And it isn't because I'm at home downloading albums and burning them either. I don't have the patience to wait for my archaic 2x burner to get the job done. The fact of the matter is, there isn't any enticing music out there right now. When there is, I will head to the store and buy it. And now, it looks like I'll be better off when that time comes, because big music lables are being forced to lower the cost of CDs (it's about time).

Moral of the story? Let's make the switch back to vinyl ;)


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