The latest news in the industry is the booming online music market and dropping
CD sales are eating into the global music market. Reports of digital music sales
have tripled in the last year to 6% of the industry revenues. CD sales dropped
3.4%, but overall revenue from CDs was down 6.7% because of falling CD prices.
Today's music consumers are purchasing a single or a few tracks from a CD,
rather than purchase the CD. In addition, illegal downloading and cd burning are
a major factor in declining sales.
With the internet leading the way consumers are buying, stealing or listening to
music, two of the biggest names in music and cell phones have come together to
revolutionize the radio listening experience. Motorola Inc. is teaming up with
various major labels making available their catalogs available on the
forthcoming Motorola iRadio service. The service will offer hundreds of channels
of commercial-free music and talk stations. It will also empower consumers to
create their very own channels from their personal music collection. The service
uses a high-speed Internet connection, Bluetooth technology, and a mobile phone
to offer listeners a continuous entertainment experience that moves from the
living room, to the car stereo, to anywhere a consumer brings their mobile
phone.
Whoa! The music industry is daily advancing towards the Star Trek era. However,
one of the biggest problem facing the industry is the P2P sites that allow free
downloading of music. The advancements made with music and the internet is
all-good, however until illegal downloading is stop, everyone whom makes their
living from music will suffer.
We like to hear from the readership on their ideals on how to combat illegal
downloading. Or, viewpoints on the new trends of music and technology. Reply to
surenyrecordpool@aol.com
Until the next issue, keep your head up and enjoy all the blessing from the
Creator. Peace, B.E.D.