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.

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Comments on “Success Of Download Music Stores Still Means Industry Needs To Change”

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Anonymous Coward says:

Services still won't get my money

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.

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