No, The Music Industry Outlook Isn't Grim... Just For Selling Recorded Music

from the it-ain't-the-same dept

JJ passed along a short article from a week or so ago, claiming that the "outlook" for the music industry is "still grim" according to some industry insiders at a conference. Except... that's not really true. Once again, it seems like there's confusion between the recording industry and the music industry. Yes, it may be true that the outlook for selling plastic discs or downloads may not look so hot, but that's hardly everything that encompasses the music industry -- and claiming otherwise is not at all accurate. The recording industry has pushed this myth for years, and it's too bad the press continues to parrot the same line. Yet, when studies actually look beyond just selling the music directly, they find that the outlook isn't grim at all. Claiming that the outlook for the music industry is grim is like claiming that the outlook for the transportation industry is grim in 1910 because the market for horse carriages is declining.

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  1. icon
    Hephaestus (profile), 13 Oct 2009 @ 11:04am

    Re: What do you expect ...

    Its really weird but the article could have been written by Mikes evil twin.

    Now a couple points

    "One factor is the proliferation of free, advertiser-supported music services, which Crupnick said are cannibalizing digital sales.".... This one statement explains the rationale behind the rush to charge web sites ever increasing fees for streaming.

    "as buyers have shifted from full albums to singles, the lower prices per unit haven't prompted them to spend more on music." ... The whole "lower price" piece is total crap. iTunes now charges 1.29 per song up from .99 per song where are these lower prices.

    "The right course is to spend time investing in the relationship between artists and fans, so that relationship can be monetized later." .... Okay he has been reading techdirt .....

    "Rather, the underlying message was that there are promising paths for artists and labels to take." .... Artists yes Labels ... not so much

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