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Music industry has lost a third of its value since 2003
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The following comments relate to this news article:
article published on 20 January, 2011
The International Federation of the Phonographic Industry's (IFPI) latest Digital Music Report has painted a bleak picture for the music industry, explaining how its value has been cut by a third in just seven years, with no end in sight.
Digital music revenue has grown 1000 percent in the time frame, but growth has slowed from triple digits earlier in the century to just 6 percent in 2010.
... [ read the full article ]
Please read the original article before posting your comments.
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biglo30
Senior Member
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20. January 2011 @ 17:14 |
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I wouldn't really blame piracy, because music these days are dirt cheap anyway. Unlimited downloads for a month from zune with one flat rate and with the speeds we have now. Music isn't what is use to be anyway, too many fakes, lairs and ghost writers.
This message has been edited since posting. Last time this message was edited on 20. January 2011 @ 17:17
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bigfamei
Junior Member
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20. January 2011 @ 17:19 |
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Originally posted by biglo30:
I wouldn't really blame piracy, because music these days are dirt cheap anyway. Unlimited downloads for a month from zune with one flat rate and with the speeds we have now.
Well, piracy and mp3 devices. Helped us to have that free for all music now. This will only made the product better. Musicians have to actually have to make good music and tour to make their living. The days are gone of paying 15 dollars for 5 good tracks on a 20 track album. And they only have themselves to blame for that.
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ZeusAV
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20. January 2011 @ 17:45 |
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Originally posted by bigfamei:
Originally posted by biglo30:
I wouldn't really blame piracy, because music these days are dirt cheap anyway. Unlimited downloads for a month from zune with one flat rate and with the speeds we have now.
Well, piracy and mp3 devices. Helped us to have that free for all music now. This will only made the product better. Musicians have to actually have to make good music and tour to make their living. The days are gone of paying 15 dollars for 5 good tracks on a 20 track album. And they only have themselves to blame for that.
Completely agree. I still buy music if the album is really good but the problem is that most new albums are garbage except for a few tracks. Big contrast from the mid-90s when us consumers had no choice.
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lissenup2
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20. January 2011 @ 17:53 |
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Regarding myself.........Don't blame me because GOD granted me the knowledge and ability to circumvent DRM and buying CDS. There are still PLENTY of people that buy music.
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Morreale
Senior Member
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20. January 2011 @ 18:01 |
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Music has also sucked since 2003... Why the big shock?
lol :P
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Venom5880
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21. January 2011 @ 00:26 |
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Haven't bought a single song for over a decade. Having access to completely legal music streaming services such as Slacker and Pandora has eliminated any need to do so since I hardly ever feel the need to listen to a specific song. Simply set-up a playlist of my favorite artists and all is well.
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scorpNZ
AfterDawn Addict
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21. January 2011 @ 01:36 |
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Majority of businesses world wide would be struggling spose that's due to piracy as well people are more than likely prioritising where they spend,dam idiots the global downturn is still on going,sales over here prove that not to mention travel
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AfterDawn Addict
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21. January 2011 @ 01:53 |
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The main problem is with the school system...teaching kids to share should be a crime...after all, sharing is a crime. We need to teach the children never to share; SHARING IS COMMUNISM!!!
Radio is also to blame...it was bad enough that they were giving free advertising to the media cartels by playing the worst music they could find...now they actually pay the cartels for music that seems to be even worse than before.
If we got rid of music sharing and radio, then new crap would not become big crap, talented musicians would at least have a fighting chance to grab a few ears, and the media cartels would crumble once all the artists realized that the only way to get a song heard was to avoid signing with the cartels so that the radio station did not have to pay to give them free advertising.
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Member
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21. January 2011 @ 03:56 |
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6% is still growth though and with this licensed music it gets annoying after you end your subscrition with a service and the songs are useless
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simpsim
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21. January 2011 @ 04:02 |
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This is IFPI's usual guilt-trip again. "The Music Industry is Dying and you, the end user are to blame. Not down to the fact that we have failed to embrace new technologies until after others did. Not because since the late 90s, we have flooded the music scene with manufactured boybands and over use of post-production gimmicks. It's you!"
Seriously though, while I don't condone piracy, the music industry failed to move with the times until it was too late, allowing those that did to take advantage. If filesharing didn't exist, there would have been some other excuse that it was the public's fault for the industry's decline.
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SomeBozo
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21. January 2011 @ 05:12 |
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Originally posted by TBandit:
6% is still growth though and with this licensed music it gets annoying after you end your subscrition with a service and the songs are useless
I believe the 6% is the Digital market growth has finally slowed in 2010 after having triple digit growth, not the music industry's growth... As it started:
Originally posted by Article:
Digital music revenue has grown 1000 percent in the time frame, but growth has slowed from triple digits earlier in the century to just 6 percent in 2010.
But I would agree with anyone that statement is confusing, isn't the "Digital Market" still part of the record industry? Lies, lies, and statistics....
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Newbie
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21. January 2011 @ 06:44 |
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Got to be due to piracy, nothing to do with 2003 being the height of the boom with folk having disposable income pouring out of their backsides and now being the trough of the bust with folk cutting out all none essential purchases. No, nothing at all to do with that!
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scarfitup
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21. January 2011 @ 08:55 |
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Great we can buy single songs, albums are not a good deal with only a few songs that are good.
Concert tickets are so outrageously priced I won't even pay to see my favorite artists.
If everyone controlled prices like Garth Brooks did more music would sell.
Most of the artists who are established have more money than most of the fans (We) will ever hope to have.
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Interestx
Senior Member
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21. January 2011 @ 10:03 |
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Idiots.
They get a fledgling market to make massive initial growth and it settles to a steady 6% and that's bad?!
What are those guys on?
As usual there's absolutely no mention of the at or near record profits the entertainment business (music, film & gaming) is making tho eh?
Nope, concentrate on the crap nobody in their roight mind would buy and say it's all down to piracy.....and insult everyone's intelligence by ignoring the fact that it's the almost exclusively the stuff that sells and is most popular that gets shared most.
Well boo hoo hoo.
'Piracy' has nothing to do with anything, the plain fact is we have aging populations across the western world and older people simply tend to enjoy the collections they already have more than feeling the need to keep on buying new stuff which as has been rightly said is of little or no interest or quality
(I did the dance music thing myself years ago but computer rhythms & sound effects whilst great on a Sat night never were my fav listening at home - and you can place the X-factor type manufactured BS where the sun don't shine).
If I couldn't download digital versions of what I already bought at least once on vinyl (and sometimes a 2nd time on cassette) I'd be buying turntables to USB & cassette players to USB & making my own.
.....and the industry would still try to tell me and everyone else their ludicrous crap that I'm 'killing music/aiding terrorists/the mafia/paedophile networks etc etc'
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Member
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21. January 2011 @ 10:06 |
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The digital market lifted off with Apple and the iTunes as it is basicly a household name, yes digital music has taken over the market but are they not getting royalties from digital content like iTunes.
Please just because we don't go to music stores anymore does not mean that we don't buy music. Holy Jingle does the music industry make me laugh article after article.
If you take out the pirates not only will more turn up but we would still go to online stores because we are not forced the crap that you want us to buy. Socity has grown brains and balls and said screw you i will download my music at 99 cents a song which gives me freedom.
As noted above with albums having one or 2 good songs and the rest mass produced crap and they wonder why we rather digital then give them a higher cut.
Not even if iTunes was banned and taken down no one would still go back to the music shop. the Evolution of music started with the vinyl, tape, cd and now digital.
Oh wait they can't because they lost their trust in the people for ripping them off which is why they can not evolve to today's standards.
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68vista
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21. January 2011 @ 10:24 |
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Back in 2003 we were blessed with hi-fidelity music formats like DVD-A and SACD, and audiophiles were really pleased to hear great music like DSOTM in 5.1 surround. But the problem was DVD-A and SACD were competing formats, and unlike BLU-RAY vs. HD-DVD, they both lost. Now there's nothing new or exciting in music to tingle our senses.
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editmon
Junior Member
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21. January 2011 @ 11:14 |
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With the economy on the ropes, the government paying crooks in the banking industry for illegal behavior and printing money like there is no tomorrow, it grieves me to listen to a bunch of whining ba$tards cry about their loss of profit. Join the club you little $hits!
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lissenup2
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21. January 2011 @ 11:36 |
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Originally posted by Morreale:
Music has also sucked since 2003... Why the big shock?
lol :P
Yeah.............ummmmm..........no............I really wish people like you would stop using the bullsh*t lame excuses for both the movie and the music industry producing "crap" or content that "sucks" as a valid reason to steal and pirate EVERYTHING.
Like you don't listen to any music or watch any movies.
Do the world a favour and pay for SOME things rather than leeching and sucking the world dry.
Peace!
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21. January 2011 @ 12:13 |
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but a lot of the industry does not have any talent
Take Justin Bieber for example, just a chew toy to the record company's leaching off the teenagers giving their pocket money to get more merchandise.
:P
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lissenup2
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21. January 2011 @ 12:50 |
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Originally posted by Zealousi:
but a lot of the industry does not have any talent
Take Justin Bieber for example, just a chew toy to the record company's leaching off the teenagers giving their pocket money to get more merchandise.
:P
He doesn't have talent according to YOU or me and pretty much every one that is over the age of 17 but there are a lot of kids 17 and under that would disagree so every one MUST stop forcing their ways and opinions on the entire world. We all have different tastes and those with tastes that don't coincide with people like you should what??????????................go by the wayside and in turn the music industry should be punished by stealing EVERYTHING????
That's a bullsh*t mentality, unreasonable, irrational, close-minded, arrogant, egotistical and should be eliminated. You are no longer allowed to be behind the big red button that decides the fate of us all.
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Junior Member
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21. January 2011 @ 13:01 |
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The recording industry has lost a significant amount of potential revenue for sale of CDs and DVDs to the video games. This might come as a shock to the recording industry that many people would rather play a video game.
The recording industry has lost a significant amount of potential sales of music recorded on CDs to portable digital music players which can store thousands of songs.
Would you rather cary 100 CDs and Sony Walkman or an Apple iPod when you jog through the park?
You can purchase one DVD which contains one movie or two months of NETFLEX service and watch hundreds of movies streaming over the Internet.
Many people have downloaded all purchased DVDs on home server which can stream video to every laptop, netbook or workstation on the local area network at home.
Why should we drive our car or truck to the retail store to purchase a CD or DVD? I could listen to music streaming from thousands of radio stations around the world over the Internet. I could listen to music broadcast from radio station on radio or digital TV.
Why should the recording industry not have a loss of revenue when millions of people no longer have jobs? When the CEO gets a 100 million dollar bonus for terminating the employment of 50,000 workers why should the recording industry expect sales to increase. The CEO does not buy as many CDs and DVDs as the 50,000 workers without a job.
John Swanson
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AfterDawn Addict
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21. January 2011 @ 13:45 |
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I didn't read all the other posts. Sorry if this has been repeated.
I once read that musicians themselves, actually don't make much at all, off the discs/cassettes that are sold. Percentage wise, it was like a single penny on the dollar. It's simply their managers...agents, record companies that get the stronger percentage. Concerts, shows, merchandise...THAT'S where a band thrives! I laugh about news reports like this. Piracy might effect the corporate big wigs end figures, but the musicians themselves? Give me a break...
If a musician is that awesome, Believe it or not, I will go out of my way to buy it. Nine inch nails for instance is Epic! 009 Sound System, I bought most of their music off of amazon! The trouble is, there really aren't any good musicians out there. Just a bunch of wanna be's, who haven't gotten really good yet. Where have the 80's gone? LOL!
To delete, or not to delete. THAT is the question! |
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lissenup2
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21. January 2011 @ 14:12 |
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Originally posted by omegaman7:
I didn't read all the other posts. Sorry if this has been repeated.
I once read that musicians themselves, actually don't make much at all, off the discs/cassettes that are sold. Percentage wise, it was like a single penny on the dollar. It's simply their managers...agents, record companies that get the stronger percentage. Concerts, shows, merchandise...THAT'S where a band thrives! I laugh about news reports like this. Piracy might effect the corporate big wigs end figures, but the musicians themselves? Give me a break...
If a musician is that awesome, Believe it or not, I will go out of my way to buy it. Nine inch nails for instance is Epic! 009 Sound System, I bought most of their music off of amazon! The trouble is, there really aren't any good musicians out there. Just a bunch of wanna be's, who haven't gotten really good yet. Where have the 80's gone? LOL!
Actually, you're right on the money. Artists make an average of 7 cents/album. Money is definitively made from touring. 35 dollar t-shirts, hats, 50 sweatshirts, etc. Not my opinion here..........absolute fact. Pink Floyd in 1995 with Rolling Stones, set records of 104 and 109 million respectively on tour. People should feel no guilt what-so-ever for freely downloading music without paying as it's free promotion. Hence why so many bands like NIN, RadioHead just give away.
I don't believe in using excuses for jacking music/movies like "If the industries didn't produce crap blah blah blah". Take your music because it doesn't harm anyone except the production companies who are in turn screwing the artists and BUY SOME MOVIES ON DISC FOR CRYING OUT LOUD. I grab plenty of movies free but have 50 blu-rays and 250 DVDs that I bought and continue to buy more.
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Senior Member
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21. January 2011 @ 14:47 |
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@KillerBug
Sharing is a good thing and cannot be compared to communism, that?s a big stretch. Children should share and be team oriented not selfish, spoiled, and self-serving only. Balance is the key no extreme is good. But I do agree that teachers are too socialistic these days but it is a loose tie to piracy.
Radio may have some blame in this market to a small degree but your analogy of pay-o-la is definitely wrong as it is NOT a new thing. Record companies & promoters have been paying radio stations to play up certain songs since the 50?s and before. This has not changed even though at times they get caught. Also the radio stations still pay royalties on music they play as the RIAA still wants their cut.
As you also state sharing music is a form of advertising but if I copy a CD, or song, for someone and give it to a friend they most probably won?t buy that CD or song which kills all advertising aspects.
@68vista
SACD and DVD-A weren?t necessarily competing formats, CD?s and SACD?s were. Even with that CD?s were hardly affected when competing with SACD even though Super Audio was superior. The copy protection and a lack of players for SACD killed their market and were due to proprietary greed. DVD-A was a different beast as it is a music video format with typically higher fidelity than a CD. DVD-A hasn?t lost and now we have ports to Blu-Ray, I still buy music in both video formats and can rip the audio to CD?s or singles as needed. Format wars really has nothing to do with buying music other than getting better quality and downloads isn?t about better quality, it is about the thrill of downloading only.
In General
The music GOD?s have screwed themselves due to greed and too much power. If they would lower prices on CD?s to a reasonable amount more people would buy CD?s. If they would lower ticket prices more people would go to concerts. By making everything more reasonable, proper pricing, piracy would be MUCH less and more of an advantage from an advertising aspect.
I see people here making statements about digital music as if that was ONLY MP3?s, or downloadable music. This is totally wrong as CD?s are digital too and were the introduction to the digital market for music in the evolution from vinyl.
Buying MP3?s is not cheaper than buying a CD unless you only buy on or two songs which is part of the problem for the mastering companies and the artists involved. And today it is true that most music is crap which doesn?t help either. I still buy music in CD, DVD-A, and BD-A?s but it is from 90?s or before not anything from today?s market for the most part. I also go to concerts on occasion but if it is over $40 for a good seat I don?t go which again would eliminate anything current as they typically go around $100 a seat.
Economy is the biggest problem and in this economy if I had 6% growth I?d be happy unless I was extremely GREEDY. There are plenty of companies with a LOSS if not going belly-up these days so again you have to put things in prospective.
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