Russell Simmons owns a loft right next to Ground Zero. He hasn't been able to use it since 9/11, but he managed to get his mate Glen E. Friedman in. Here's what he did. Read the comments too, they are hilarious.
The Guardian reports that "New research suggesting that file sharing has no impact upon sales of CDs has, not surprisingly, angered the music industry."
"... So, if downloading hasn't caused the slump in sales, what has? There are several factors that could be involved, but the easiest explanation is the popularity of DVDs.
"Over the period 1999 to 2003, DVD prices fell by 25% and the price of players fell in the US from over $1,000 to almost nothing," says Strumpf. "At the same time, CD prices went up by 10%. Combined DVD and VHS tape sales went up by 500m, while CD sales fell by 200m, so a possible explanation is that people were spending on DVDs instead of CDs."
More here.
4 comments:
Blame it on the dvd's. Sounds good to me.
Consider this: Britney Spears, Marc Anthony and Christina Aguilera have cancelled tours due to poor ticket sales. Lollapalooza cancelled due to poor ticket sales. Toronto Blues festival cancelled due to poor ticket sales. Here's the most damning one: Australia's Livid festival cancelled due to a lack of decent international acts. Are they gonna pin this on piracy too?
Of course! Except it doesn't account for why the Warped Tour is such a huge success, even tho the lineup is screeds of punk bands I've never heard of. Guess they have got an audience that wants to see them or something.... the old business model for the music biz is dead, and now it's starting to smell - is that what's upsetting the sensitive nostrils of the music execs? Buy them some air freshner, someone!
The Warped tour had the novel idea of offering value for money... something like 50 bands for US$25. Even if you consider that all the bands sound the same, it's a pretty good deal.
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