Tuesday, November 09, 2004

So what is killing the music industry?

According to this article on The Economist a study by one of the major labels yielded the following results:

. . . between two-thirds and three-quarters of the drop in sales in America had nothing to do with internet piracy. No-one knows how much weight to assign to each of the other explanations: rising physical CD piracy, shrinking retail space, competition from other media, and the quality of the music itself. But creativity doubtless plays an important part.

That's interesting, isn't it?

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