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The ongoing shift from Analog to Digital
Posted By Barry Ritholtz On April 12, 2005 @ 5:59 pm In Books,Earnings,Film,Media,Music,Television,Web/Tech | Comments Disabled
Readers of the Big Picture have seen this argument phrased slightly differently: Its the shift from analog old media to digital new media.
But Chris gets it right, noting the following are "Flat to Way Down:"
- Music: sales last year were down
21% from their peak in 1999
- Television: network
TV’s audience share has fallen by a third since 1985
- Radio: listenership
is at a 27-year low
- Newspapers: circulation peaked in
1987, and the
decline is accelerating
- Magazines: total
circulation peaked in 2000 and is now back to 1994 levels
- Books: sales
growth is lagging the economy as whole
What’s up? Digital:
- Movies: 2004 was another record year, both for theaters  and DVDs 
- Videogames: even
in the last year of this generation of consoles, sales hit a new record
- Web: online ads will grow 30%
this year, breaking $10 billion (5.4% of all
Of all these industries which have seen their business models dmaaged by newer media, why are only one or two suing their clients?
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/04/the-ongoing-shift-from-analog-to-digital/
URLs in this post:
 Long Tail: http://longtail.typepad.com/the_long_tail/
 Mainstream Media’s meltdown: http://longtail.typepad.com/the_long_tail/2005/04/media_meltdown.html
 theaters: http://valuation.cushwake.com/Documents/20493.pdf
 DVDs: http://www.cdr-zone.com/news/us_consumers_spent_a_record_21.2_billion_us_dollars_renting_and_buying_dvds_in_2004.html
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