During the recession in the early 80's there was an article in one of the Hi-Fi magazines where the music industry blamed the decrease in music sales on home taping. The record labels in order to prove their point, brought up the fact that the major department stores were eliminating their record departments. In reality there was a recession and the consumer had simply did not have any interest in the recordings that were being released.
The music industry had a windfall in 1983 when the CD was introduced. Most music lovers wanted to replace their record collections with CD's. In fact there was such a demand for CD's that the music stores marked CD's up $4.00 above list price. The record industry actually wanted to limit the price for a premium CD to $12.95. By the time the record stores were through the price of a CD was $16.95. In the mid 80's stores selling CD's were loaded with customers looking to replace their record collections. As time passed many music lovers grew tired of looking to see if their favorite records had been released on CD and not finding them. Between 1996 and 2004 I observed the contents of the Easy Listening Room in Tower Records on Newbury Street in Boston, shrink to a few shelves. The people that generated the sales became disillusioned because many of their favorite records were never released on CD's. They stopped looking and sales dwindled. The music industry cannot accept the fact that an increase in the demand typically follows the introduction of a new format that clearly demonstrates a significant audible difference in the quality of the recorded sound. Unfortunately when the music industry began to rate the quality of their recordings in dB rather than the skill of the musicians the industry was doomed. The music industry has to realize that in this time of financial stress a smart breadwinner will choose to use that $20.00 they have in their pocket to buy food for their family rather than an overpriced CD.
Unfortunately when the music industry began to rate the quality of their recordings in dB rather than the skill of the musicians the industry was doomed. The music industry has to realize that in this time of financial stress a smart breadwinner will choose to use that $20.00 they have in their pocket to buy food for their family rather than an overpriced CD.
AMEN! Right on the nail! I could have not said it better!
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During the recession in the early 80's there was an article in one of the Hi-Fi magazines where the music industry blamed the decrease in music sales on home taping. The record labels in order to prove their point, brought up the fact that the major department stores were eliminating their record departments. In reality there was a recession and the consumer had simply did not have any interest in the recordings that were being released.