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Go Back   Thoughts Media Forums > DIGITAL HOME THOUGHTS > Digital Home Talk

 
 
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Old 01-25-2011, 04:00 PM
Todd Klein
Neophyte
Join Date: Jan 2011
Posts: 5
Default Did Digital Kill the Radio Star?

<div class='os_post_top_link'><a href='http://www.nytimes.com/2011/01/24/technology/24music.html?_r=1&ref=technology&pagewanted=all' target='_blank'>http://www.nytimes.com/2011/01/24/t...&pagewanted=all</a><br /><br /></div><p><em>"The International Federation of the Phonographic Industry, a trade group based in London, said last week that sales of music in digital form had risen only 6 percent worldwide in 2010, even as the overall music market had shrunk 8 percent or 9 percent, extending a decade-long decline.&nbsp;</em><em>In each of the past two years, the rate of increase in digital revenue has approximately halved. If that trend continues, digital sales could top out at less than $5 billion this year, about a third of the overall music market but many billions of dollars short of the amount needed to replace long-gone sales of compact discs. &nbsp;</em><em>&ldquo;Music&rsquo;s first digital decade is behind us and what do we have?&rdquo; said Mark Mulligan, an analyst at&nbsp;<a href="http://topics.nytimes.com/top/news/business/companies/forrester-research-inc/index.html?inline=nyt-org" title="More information about Forrester Research Incorporated">Forrester Research</a>. &ldquo;Not a lot of progress.&nbsp;</em><em>We are at one of the most worrying stages yet for the industry,&rdquo; he continued. &ldquo;As thin</em><em>gs stand now, digital music has failed.&rdquo;</em></p><p><em><img src="http://images.thoughtsmedia.com/resizer/thumbs/size/600/wpt/auto/1295929203.usr112503.jpg" style="border: 1px solid #d2d2bb;" /></em></p><p><a href="http://www.nytimes.com" target="_blank">The New York Times</a>&nbsp;reports <a href="http://www.nytimes.com/2011/01/24/technology/24music.html?_r=1&amp;ref=technology&amp;pagewanted=all" target="_blank">this astonishing&nbsp;indictment</a> of an industry that's produced iTunes, Pandora, Spotify, Lastfm and several other services with millions of engaged worldwide users. &nbsp;Yes, digital killed the CD business by undbundling songs from albums, and by extension struck a fatal blow to bricks and mortar music retailers. &nbsp;Yes, piracy is a problem that must be managed if artists are to be supported. &nbsp;But to declare that an entirely new medium, digital delivery of music, has failed because the established players have suffered economically while consumers have experienced a technology tsunami of music discovery, sharing, choice, and purchasing models seems to put the cart before the horse.</p><p>Tell me, has digital killed your music experience?</p>
 
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