“And the man in the suit has just bought a new car… from the profit he’s made on your dreams…”
Industry bigwigs are lamenting the rapid drop in CD sales as they struggle to find a new workable standard for distributing music. Now here’s the thing. For those old enough to remember, when CDs first went public in the 80’s, big business told gullible consumers that music prices would soar because of the ‘required materials’ (as compared to vinyl). So we all shelled out $16.99 to $24.99 for CDs. At least, these were the new prices in Canada, as compared to about $4.99 to $9.99 for a vinyl record. And this wasn’t just for the first year or so to accomodate new production costs (i.e. factories and machinery). This was the new price, for keeps.
Then along comes the European company Naxos, selling CDs for about $3.99 to $6.99 while prices generally stayed the same with other companies. And today we can buy writable CDs (CD-R) for about 20¢ each. Were we ripped off? I’m not sure, but somehow I can’t feel too sad for big business if CD sales are now plummeting.
Here’s the story: http://news.yahoo.com/s/nm/sales_dc