Debate on Downloading
I recently got pulled into an impromptu debate on The Street.com on P2P, downloading and the music industry.
It was originally published on their subscription only site, RealMoney.com, but I thought it might be of interest to a wider audience.
So with permission, I am reproducing it at The Big Picture
Enjoy!
1 Comments:
Pinski
http://geoffpinski.ath.cx
Read the post, good stuff.
Something that I noticed that you didn't mention, and no one else seems to mention when talking about the sagging CD sales, is the 2nd hand record store. Places like Half-Price Books are making a bundle. Why? Because CDs can be sold and don't degrad like tapes. So if you want something why buy it for 10-20 when it can be had for 5-8?
I also remember a Dateline or 20/20 special about who the music industry's biggest customers were (don't remember when but it was probably more than 5 years). The industry's biggest customers were the 40+ age group. Not the kids who are downloading the music. Admittedly they are losing future customers, but those can be won back with a little work. There is a reason why Elvis and The Beatles still end up at the top of the charts.
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