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Retail music industry faces extinction with present course

Posted at 30 March 2006 04:13 CET by Crabbyappleton
Can you stand another study? Of course you can, it tells of how the music industry is shooting off it's own feet with a Tech-9! In this one, done by research group Mintel, they mention that the industries lament of illegal downloads is merely just a single facet of the crystal of doom for the Music Industry as we know it. Retail music sails are on track to drop by 2 billion dollars over the next few years, as music execs, slow to recognize consumers needs, continue to lash out at the public, which just happens to be their customer base...Ooops!"The growing distance between the music industry and its consumer is due to a number of factors," said Justin De Santis, analyst for Mintel. "These include lawsuits against individual consumers, payola practices, and, most recently, restrictive use of digital rights management."Music labels have a negative stigma to overcome, brought on by battles against illegal downloaders, radio "pay-for-play" scandals and homogeneous artist offerings on radio stations. The introduction of iTunes and similar sites has slowed the decay of music retail sales, but it has not stopped it. Even though technology is starting to work for the industry rather than against it, labels still face the challenge of meeting the demands of a diverse consumer marketplace.In an effort to keep up with the digital marketplace, industry leaders have marketed artists to sell single songs rather than complete albums. This new marketing strategy has contributed to the lack of strong up-and-coming musical talent in the marketplace that exhibit "staying power," such as legendary iconic artists like Prince, the Beatles, or U2.This study really does not pull any punches and it is really common knowledge to those that are on the outside looking in. We have to wonder why the music execs can't get with the program. At this point, you would think they would at least give up on DRM as it is as plain as the nose on your face that it is counter to todays culture and it's listening needs. In one fell swoop they could drop the expense of adding controls and possibly, they might pick up some additional sales along the way! Source: Mi2n

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There are 16 comments

Sherrif
CD Freaks Senior Member
Posted on: 30 Mar 06 08:49
    AS went the dinosaur....so goes the music industry....:X
    nailzer
    CD Freaks Rookie
    Posted on: 30 Mar 06 11:52
      Let's not forget the amount of garbage that comes out of the music industry that's called "music".
      Bodygard
      New on Forum
      Posted on: 30 Mar 06 13:23
        "Let's not forget the amount of garbage that comes out of the music industry that's called "music"." So true! i miss the good "old" 80's and 90's when really good music was playing! :c
        Saruman
        CD Freaks Senior Member
        Posted on: 30 Mar 06 14:40
          Bodygard, Hey, I bet you're parents said the same thing when their music generation started fading. :B I agree with you, having grown up with the '80's music and the early '90's were quite good, then came the Seattle crap and everything went downhill and I started to sound like my parents. :B
          BitRate
          MyCE Senior Member
          Posted on: 30 Mar 06 14:43
            The moronic music companies are too busy taking away a consumers rights to even bother making music that is even half passable. Looks like the current playstation generation will grow up on shithouse mp3 low bitrate metallic--sounding music and not have a clue what real music sounds like.
            doveplay
            CD Freaks Junior Member
            Posted on: 30 Mar 06 17:06
              Music sounds better on vinyl anyways...:g
              I Have Piles
              CD Freaks Senior Member
              Posted on: 30 Mar 06 17:11
                What a load of crap, go to your local Tesco or Asda and the music and video section is always heaving.
                agomes
                CDFreaks Resident
                Posted on: 30 Mar 06 18:56
                  They're just developing a strategy to dematerialize music sales. Put it together: no quality - high prices - video sales - web file sales. Why shall they put the blame on illegal downloads? To force DRMs...and move from disc sales to file sales...at the same price with no pressing/printing/distributing costs!!! Quality wise: no matter the decades you refer - the prob is: how many of the music produced during the last years will be used within 5 years time? Bet on it...most of them are just made according to marketing research, as are the groups, and "renewed" at fasr obsolescense cicles...
                  DJ Specs
                  CD Freaks Rookie
                  Posted on: 31 Mar 06 07:17
                    All the original music has been made.. now everyone rehashes or remakes old stuff.. artists last for a month or a few singles, then nobody cares anymore. We don't see good bands that release a great album and continue to have staying power..
                    nailzer
                    CD Freaks Rookie
                    Posted on: 31 Mar 06 12:08
                      Is there ANY question why there are so many "oldies" radio stations on the air?
                      TsuTheWolf
                      New on Forum
                      Posted on: 31 Mar 06 14:21
                        The music industry began to die when greedy companies did away with singles and tried to force the purchase of sub par material at an outrageous price. Instead of trying to sue everyone why not try re-releasing out of print cd's at 9.00 or less and make a killing, jackleheads!
                        Hypnosis4U2NV
                        MyCE Resident
                        Posted on: 31 Mar 06 16:51
                          Its been said, but there is no good music anymore, only a handful of music artists.. Anyone listen to the radio? How many times to they replay a hot track nowadays? You used to wait forever to hear a replay of a hot track back in the 80's and early 90's.. Theres nothing else to play cause theres nothing anyone wants to hear!
                          Two Degrees
                          MyCE Resident
                          Posted on: 31 Mar 06 21:44
                            You guys must be listening to the wrong stations. I hear plenty of good music on non-commercial radio...
                            drpino
                            CDFreaks Resident
                            Posted on: 31 Mar 06 23:15
                              it's tough in the US, when 90% of commercial radio stations are owned by one or two companies (e.g. Clear Channel)...they actually share playlists between most of their stations... the other options are satellite radio (no personal experience with it but have heard good things)...and streaming radio over the web (shoutcast, itunes, generic webstreams)... that being said, i hope the big5 RIAA associated labels die a quickly and painfully...having worked for them in the past (not internal work), i have first hand experience as to how clueless (and stubborn) they really are...
                              [edited by drpino on 31.03.2006 23:16]
                              heystoopid
                              CD Freaks Senior Member
                              Posted on: 01 Apr 06 07:00
                                Oh well, pay crap get crap!, what else do expext from the simplistic formula garbage that the big three serve up for modern music of this century Actually the time in the top 25 of the Billboard 200, tells us volumes about just how poor the modern new releases truly are, for 98% are here today and literally gone tomorrow, and where stupid, but extremely profitable ring tones sold to very lazy mobile phone users throughout the known world, routinely out sell no 1 hit songs by big margins! Oh well, that's a half cents worth for now! , for choices in real life can be very cruel, for those that choose not to adapt to this modern changing world!:X
                                tranceaddict
                                CD Freaks Member
                                Posted on: 01 Apr 06 22:38
                                  getting rid of hip hop would do the world a great service. that shit is nothing but no-talent thugs and hoes..:d

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