Online and on-demand media services in digital form are likely to make CDs and DVDs obsolete as consumers switch to downloads and streaming media to get their music, movies and other entertainment, according to Forrester Research. Providing evidence that downloads cost the music industry $700 million in lost CD sales last year, Forrester said in its report — titled “From Discs to Downloads” — that legitimate Internet subscriptions and downloads will account for one-third of all music sales by 2008.
I do believe Mr. Forrester is correct. The Recording Industry (RIAA) has failed to keep up with changing technology. They have also crossed a line with consumers on their lawsuit campaign. I have been downloading independent music (Non RIAA music labels) and it is very challenging and rewarding to find good quality music & recordings of up and coming artist. I feel I have a closer touch with the artist, because most of them invite me to download their music to MP3 files where I can store them on my computer, burn them and email the songs to friends giving them even more exposure. If I like what I hear, I can purchase music directly from them at much lower prices, cutting out the middleman. I also can go directly to their website to purchase and make comments or reviews on their work. Many Americans do not succumb to fear and have already started a boycott movement against RIAA labels. Yes the old way of doing business in the music industry is coming to a close. My personnel opinion is that the RIAA should have listened to their customers and got on the technology train during the Napster days. Instead they continue to choose to alienate the consumer driving more nails into the coffin of a dying business.
Loading ...
Forrester Report Says Downloads Will Replace Discs
Posted by: Jay Lyman September 3, 2003 02:10 PMOnline and on-demand media services in digital form are likely to make CDs and DVDs obsolete as consumers switch to downloads and streaming media to get their music, movies and other entertainment, according to Forrester Research. Providing evidence that downloads cost the music industry $700 million in lost CD sales last year, Forrester said in its report — titled “From Discs to Downloads” — that legitimate Internet subscriptions and downloads will account for one-third of all music sales by 2008.
I feel I have a closer touch with the artist, because most of them invite me to download their music to MP3 files where I can store them on my computer, burn them and email the songs to friends giving them even more exposure. If I like what I hear, I can purchase music directly from them at much lower prices, cutting out the middleman. I also can go directly to their website to purchase and make comments or reviews on their work.
Many Americans do not succumb to fear and have already started a boycott movement against RIAA labels. Yes the old way of doing business in the music industry is coming to a close. My personnel opinion is that the RIAA should have listened to their customers and got on the technology train during the Napster days. Instead they continue to choose to alienate the consumer driving more nails into the coffin of a dying business.