Poor RIAA: Big music malaise


The Grammy Awards started off okay, but thenit was Recording Academy President Michael Greene's rant about the criminal enterprise of electronic music swapping, a phenomenon that, he warned, threatens the music industry's very existence.


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The music industry is in fairly serious trouble. Sales are falling for the second year in a row, down by 5-10% this year, depending on which source is quoted. Last year, for the first time, unit sales of blank recordable CDs reportedly outsold pre-recorded music CDs. That trend will likely continue.

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So music swapping is the whole problem

Nowhere in the discussions of the music industry's malaise has there been any mention of the fault lying with management

Check out the article and read about an example of where MCA spent $$$$ for an upcoming pop star and so far their return is not very impressive and you wonder why cd's prices are inflated.

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Source: Stereophile

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