The State of the Music Industry
Michael Giltz of Popsurfing has a great post about what’s happening in the music industry with regards to CD sales, the comeback of singles, and other thoughts. All I can say about it is that change is inevitable.
Right now it’s all about the digital downloads which gives power back to the music artists. They can simply sell their music without the need of a major record label – although record labels are great marketing venues. However, there’s potential to make more money if you manage to stay independent and create a name for yourself through the underground market.
Regardless of what’s happening in the world, we will always have our music. That’s all that matters. Whether we listen to it on a CD, album, eight track, or mp3 file – it’s all the same to me. It’s all about adapting to the technology. Those who resist it will not succeed. It’s sad that music stores have to go out of business, but what they should have done was found a way to integrate what they had with what was happening. And what was happening was that people were starting to download music off the internet. Perhaps these music stores should have then started focusing on selling products such as mp3 players and falling back on other music accessories to sell. However, I guess that’s easier said than done.
And that’s my 2 cents for the day….
