Predictions

Predictions

by Mike Masnick




Success Of Download Music Stores Still Means Industry Needs To Change

from the don't-breathe-easy-yet dept

rax writes "Music downloading software ITunes is more popular than expected. By some accounts the software has been downloaded nearly 1 million times, which has some predicting that music downloads will increase 20-fold in the next five years. Yet the music industry isn't breathing a sigh of relief because even at that level, Internet downloads will only account for 6% of the music market. The Economist points out that the recording industry needs to realize that marketing music online will not save the industry, and that fundamental change is needed if they are to survive." Nothing particularly new in the article, but does include a good quote from Moby: "Why is a record company any more qualified to send an MP3 to iTunes than I am?" The recording industry is still focused on moving their current business model online - and not on using the fundamental nature of digital goods to offer a better product at a better price to their customers. Luckily, it won't take long for others to figure it out for them.

3 Comments | Leave a Comment..

 
 

Reader Comments

(Flattened / Threaded)

    Nov 4th, 2003 @ 10:45am
  • Services still won't get my money

    by Anonymous Coward

    The other day I bought the latest Dido album. It cost me $14 from Tower.

    As it only really had 2 tracks out of 11 that were any good, I could have downloaded them for $2.

    I chose not to download them as all of the download sites have copy protection and crappy formats.

    So I've ripped the whole disc to 192Kbps MP3 and 160Kbps Ogg and will probably sell the CD back to Tower.

    The CD was supposed to be copy-protected so I used the Shift-key trick in Windows, and it didn't affect Linux at all.

    (reply to this comment) (link to this comment)

    • Nov 4th, 2003 @ 11:58am
    • Re: Services still won't get my money

      by Anonymous Coward

      I also chose not pay good money for downloads that restrict me to what I can do with those music I bought. So I bought a pirated Dido CD for $4 and ripped it at 128kps mp3 without having to resort to pressing the damn shift key.

      (reply to this comment) (link to this comment)

    • Jan 3rd, 2004 @ 8:20am
    • Re: Services still won't get my money

      by CaptainK

      Re: "used the Shift-key trick in Windows"

      Hiya - also pissed at the protection on my CD - can you explain the Shift-key trick please?

      Cheers

      (reply to this comment) (link to this comment)

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