Quote:
Originally Posted by Fbone
Wow, that's a pretty steep decline.
Since, it's per capita I assumed they adjusted for inflation and population growth but if they didn't ... double wow.
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Not really. look at the big peak of CD's. Waaay above any other historical format.
Why? Because everybody and their dog were busy converting their existing audio libraries from analog to CD. Libraries they had spent years and decades to build. 90% of my audio library was pre-CD recordings. Most Boomers are similar. However, once you converted, you don't do it twice. The wave of titles being converted dried up by the late 90's. Figure a 2-4 year lag (I'll get around to buy Bozo and the Clown when I have some spare money.)
No more conversions, no more big market. The music people thought it would go on forever, paying absolutely no attention to marketplace saturation. You see the same thing with DVD's on the last few years. Piracy? More likely the people who build libraries have finished building their libraries. When you have 500-1000 DVD's, you're in no great rush to buy more. Being able to (re)watch the DVD's you already have is why you bought them in the first place....