Swan Songs?
By CHARLES M. BLOW
NYT
The music industry’s deathwatch kicked off about a decade ago, but it seems the vigil could soon be over.
According to data from the Recording Industry Association of America, since music sales peaked in 1999, the value of those sales, after adjusting for inflation, has dropped by more than half. At that rate, the industry could be decimated before Madonna’s 60th birthday.
The speed at which this industry is coming undone is utterly breathtaking.
First, piracy punched a big hole in it. Now music streaming — music available on demand over the Internet, free and legal — is poised to seal the deal.
(More here.)
NYT
The music industry’s deathwatch kicked off about a decade ago, but it seems the vigil could soon be over.
According to data from the Recording Industry Association of America, since music sales peaked in 1999, the value of those sales, after adjusting for inflation, has dropped by more than half. At that rate, the industry could be decimated before Madonna’s 60th birthday.
The speed at which this industry is coming undone is utterly breathtaking.
First, piracy punched a big hole in it. Now music streaming — music available on demand over the Internet, free and legal — is poised to seal the deal.
(More here.)
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