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In Reply to: RE: The problem with the numbers posted by Amphissa on July 28, 2015 at 05:11:45
Good point, but who streams/purchases or for that matter purchased classical music at all even back in the day?
N O B O D Y !
Well, almost nobody.
But fear not, music ain't going away, just a few people will make less money for a while.
What everyone forgets is how few people made those big bucks back in the 'heyday' of the music industry.
Follow Ups:
Well, I would disagree with you about that. Classical music was a major market for many years, all through the vinyl era and into the early CD era. Even now, small labels turn out lots of CDs of lesser known classical composers/works, which sell well enough to turn profits for the labels. And a very big chunk of the used vinyl sales is classical.There is still a market for LPs and CDs of classical, but it s not being met by the major labels, which just turn out more recordings of the same warhorses. Is it a huge market compared to Gaga Bieber? No. It's a niche, as is the jazz market. Major labels just aren't interested in the niche market.
"Life without music is a mistake" (Nietzsche)
Edits: 07/28/15
Klaus Heymann, the C.E.O. of Naxos, currently the world's largest classical music label, gave a sobering and distressing interview in a recent issue of Stereophile, where he confirmed that his label is not making any money off of physical media. They are in fact losing money on physical media. He also said the company would abandon physical media within five years and go to a business model that was 100% streaming and media on demand (downloads or physical media on demand).
I was shocked to hear the world's biggest classical music label admit that they were giving up on physical media and would pull the plug within five years. If Naxos goes this way, it won't be long until all the remaining Classical Independants (many of whom Naxos currently distribute) do the same.
The writing is on the wall.
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