Albums are dead, the price of music heading towards and other good news
Published by Siddiq Bello March 28th, 2007 in Music Musings, NYTimes, RIAA, RIAA and Record Labels, Research, Research Summary, TrendSpotting, p2p, social media, trend.So this week is turning out to be another pretty bad PR week for the old music biz but healthy signs for the evolution of the industry overall. From the NYT and USAT to lawmakers and academics everyone appears ready to call the traditional music business dead! Sure, folks on the net have been talking about the death of the traditional music industry for years but this week the New York Times finally decided to join the party.
NYT reporter Jeff Leeds wrote an article entitled, “The Album, a Commodity in Disfavor” this past Monday that basically highlights the death of the CD format. USA Today blogger Angela Gunn posted a pointer to a story about the RIAA’s attempt to drag a 10 year old girl into court. Meanwhile the Consumerist is running a story about the University of Nebraska’s efforts to bill the RIAA for every copyright complaint sent to the school. Basically the university says it cost them $11 bucks to process each letter and that since they arent agents of the RIAA they need to get paid for doing it. Unfortunately they didnt back up the bill with say a threat not to snitch on their students or spend tax-payers money doing the RIAA’s work for it. Another bit of news coming out of the UK in the form of a research paper written by Will Page of MCPS-PRS, the UK’s version of ASCAP. The paper entitled “Is the price of recorded music heading towards zero?” basically reinforces the notion that music is becoming little more the a commodity. The value in the music business in the future will be in the services that surround the music and the music itself not the format in which its delivered.
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