The article doesn't make this point explicitly, but the means for distributing music has changed, costs have been cut, and the majors are really out of a job. Copyright violations are a small part of the story, but they underscore the direction of industry trends. The spreading antipathy for enforcing copyright involving free exchanges will continue to cost the industry public support.
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Monopoly corrupts. Absolute monopoly corrupts absolutely.
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Terrible news for the recorded-music majors
The Economist has a provocative piece on the recorded music industry and its death spiral in the sale of CDs and downloaded music. The subhead reads, "Last year was terrible for the recorded-music majors link here. The next few years are likely to be even worse." It cites three reasons: facing declining sales, big retailers are cutting display space; major distributors are cutting promotion to reduce costs; and they are refusing to invest in the growing parts of the industry, like touring. Downloads, for sale or free with advertising, do not get the same revenue return.
[Posted at 01/13/2008 06:18 PM by John Bennett on IP in the News 
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