Quote:
Originally Posted by Hellmark
Several studies I've seen, that I am likely to agree with, is that the downturn in the music industry is largely due to the return of singles sales through places like iTunes. Why buy an album full of songs you don't know or don't like, when you really only want one or two?
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Yes!!
1) The music industry made enormous profits by basically forcing you to buy an album with 1 good song and nine songs'o'crap because a "CD Single" was very close to the cost of the entire CD...once you provided people a chance to buy what they REALLY wanted, album sales tanked. Of course, many people miss out on good songs from those artists because they don't get the whole album...I still think the sweet spot for an MP3 album is about $5, so that it's much more tempting to just buy the album instead of a 99 cent single.
2) Look at the decline in music sales and compare it to the rise in video game sales in the past 15 years...the kids are spending just as much, if not more money, on entertainment media, they're just spending it on a different type of product.