Wednesday, April 07, 2004

Or maybe their product just sucks...

LONDON (Reuters) - Global music sales fell 7.6 percent in 2003 to $32 billion, the steepest decline since the advent of the compact disc, the trade body representing the world's largest music companies said on Wednesday.

I'm convinced that the only thing that propped up the recording industry for a long time was the same people who are willing to plunk down $100 to sit on the lawn at an ampitheater and watch the Eagles on a big screen 'cuz the stage is a half-mile away. After $12 to park and downing a couple of $7 20-oz domestics, paying $18 to replace your scratchy vinyl copy of Hotel California probably doesn't sound so bad. But now they've done it, so what else are they going to spend their money on? The rest of the sales seem to be dependent on a few big-name (really crappy) acts for the mallrats to spend their money on and I don't exactly see a lot of work being done to develop new talent outside of looking for the next Brittany. Music will survive but I'm okay if the RIAA doesn't.


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