Posts filed under “Music”
Yet another new media taking names and kicking old media ass:
DVD sales posted huge gains in 2004 for the fifth year
running but the number of DVD players purchased for U.S. homes is slowing,
causing industry analysts to warn that sales growth of the digital discs may be
Hollywood studios, which count on DVD sales and rental
revenues to offset ballooning movie budgets, basked in a record $15 billion in
DVD sales in 2004 spurred by releases of hot titles like DreamWorks Animation
SKG Inc’s "Shrek 2," while U.S. box office revenue came in a $9.4
A PriceWaterhouseCoopers report forecasts that the rate of
growth in DVD sales will slow from 23 percent in 2003 to 7 percent by 2008. Some
83 million U.S. homes had DVD players by 2004, up from 75 million in 2004,
according to PriceWaterhouseCoopers.
DVDs’ Booming Growth to Slow in U.S., Analysts Say
Reuters , Thu Jan 13, 2005 06:48 PM ET
DVD continues spinning success
USA TODAY, Posted Thursday, January 6, 2005, 7:00 am
My friend Cody Willard is a hedge fund manager, focused on telecom and technology. He and I had an interesting public debate yesterday, on P2P, downloading and the music industry.
This was originally published on the (subscription only) RealMoney.com, but is reproduced here with permission. It got enough positive feedback that I thought Big Picture readers might find it intriguing. For your reading pleasure, Me vs. Cody. Enjoy!
The effects of piracy on the economy and the world are just getting started.
Music company EMI told investors today that it would miss sales
projections for the year by about 9%. Trading in England, the stock took a huge
hit on the news, wiping out billions of dollars of value.
Music content sales such as records, tapes and CDs have long trended with the
broader economies. With global economies steadily growing the last couple of
years, the music business should have been on fire. Alas, that is not the case,
and the single biggest reason is piracy.