Music Industry: Trading Analog Dollars for Digital Cents
As reported in today’s NY Times, a major record label – Atlantic Records – now makes more money from digital downloads than CD or record sales.
Big milestone. The labels had better get used to it. This is the future, and it’s happening now.
The article goes on to document how the labels plan to make up for the lost margins on (cheap) download sales. Excuse me, how about the artists? Well, the internet has begun to set them free.
This’ll be fascinating to watch over the next few years. It’s a bigger fundamental shift than the last one – LP to CD.
Bob Walters
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