In Reply to: how itunes destroyed the music business in one simple chart... posted by bullethead on May 24, 2015 at 19:12:56:
"The music industry was incredibly slow to respond to the digital transition...
The music industry, rather than focusing on a legal digital download service, initially focused all its effort on shutting down Napster by way of a copyright infringement lawsuit.
In addition to the failure to launch a legal alternative to the pirate sites, the music industry was, understandably, paralysed by its fear of album unbundling.
Physical sales were in free fall and its own efforts to launch a digital download service were failing."
I'm an old boomer, but physical media has no more attraction to me than the millenials. I'd much rather be able to instantly download an album, albeit not crippled in a lossy format. People talk about the "resale value" of physical media. I guess I'm not a music flipper.
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Follow Ups
- The Real Answers are found in the article: - E-Stat 06:06:31 05/26/15 (0)