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Wil CDs live on as the medium for the developing world?
Date: 06/23/2008 In Canada, PWC forecasts that music downloads will exceed physical music sales by 2011. That's no longer amazing, though it would have seemed so to the music industry five years ago. Now it's just further confirmation of what we already knew - the music industry is undergoing change at of such magnitude and pace as to be almost indistinguishable from extinction. It's not so much the fact that it's happening but the rate at which its occurring. In 2007, the Canadian download market was less than a quarter of the size of the physical sales market, yet in only four more years the minnow will overtake the whale due to the rapid rate of change - the decline in Canadian CD sales, for instance, was 11.9 per cent in 2006 and 19.8 per cent in 2007. So far, all shocking stuff that no longer shocks. The unanswered question is: where will the CD market bottom-out? How many CDs can the industry still expect to sell in, say, 2020? Click here to play Foneshow does not charge for this service, but standard or other charges may apply from your carrier. Please check your plan to make sure. To stop receiving text messages at anytime, text STOP to 44636. For help, text HELP to 44636 or email support@4info.net. |
