Tuesday, September 28, 2010

Growth flat in 2010 for U.S. digital music sales

(Reuters) - The rapid rise of single digital music sales has stalled in the United States, the world's biggest and most important market, with sales in the first half of 2010 flat compared with a year before.

Perhaps the luster of digital music downloads is finally wearing off. You pay a higher price per track as you would on a physical media, such as a vinyl record, but you don't really own anything outside of a computer file! And now, Apple will charge you $1.29 for tracks instead of 99 cents, and restrict how many devices you can load them on. 

The music industry can't stop digital music downloads or recover any of the vast sums of money lost through music piracy. It's hard to get people to pay for something they are used to getting for free, and the days of Napster made free music the norm. However, the music industry can start making good music again - and charging a fair price for it. Instead of figuring out better ways to pinch music buyers, maybe they should invest their money in some new (or old) talent and get the MUSIC right again!

We get that part right, because we sell mostly classics and older music on vinyl. Many of the records we sell at Metrowax are only $1.99, sometimes less. Typically you'll get 4-8 tracks for this price. And with all of the new USB turntables out there now, you can quickly make your own MP3, and have not only the original LP or radio version, but all of the crazy remixes and instrumentals as well. Use the record to make your very own recording, listen to that in your car or on your ipod, and you still keep the record (or sell it). It takes more time, but we think it's a much better value overall.

We welcome your thoughts and comments!

Source article: Reuters


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