Been meaning to get to this for a few days:
"U.S. album sales plunged 15% last year from 2006, as the recording industry marked another weak year of sales despite a 45% surge in the sale of digital tracks.
A total of 500.5 million albums were purchased as CDs, cassettes, LPs and other formats last year, down from 588 million in 2006, said Nielsen SoundScan, which tracks point-of-purchase sales.
The shortfall in album sales drops to 9.5% when sales of digital singles are counted as 10-track equivalent albums. The number of digital tracks sold jumped 45% to 844.2 million; digital album sales accounted for 10% of total album purchases.
For the first time since SoundScan started tracking genre sales, all 12 genres dropped, with rap down 30% and country more than 16%. Overall music purchases, including albums, singles, digital tracks and music videos, rose to 1.35 billion units, up 14% from 2006."
Rap down 30%?
No surprise, there. Rap peaked with the Beastie Boys Paul’s Boutique, and has been downhill ever since . . .
Album Sales Drop Despite Digital’s Rise
January 4, 2008; Page B5
I particularly like the way Variety spun it last year:
Digital sales boost music industry
Album sales drop yet again
Variety Thurs., Jan. 4, 2007, 9:25am PT http://www.variety.com/article/VR1117956655.html?categoryid=16&cs=1
Its an election year, and that means sophistry and ignorance in equal measures will be flooding the airwaves and intertubes. We have taken it as our charge here to fight against the logically challenged and the factually incorrect. We addressed this exact issue four years ago, but given the propensity us Humans have for self-delusion,…Read More
I’ve mentioned the Blu Ray/HD quandry in the past, but it seems the fight is drawing to its conclusion. In both the US and Europe, Blu-ray discs are significantly outselling HD DVDs.
But its this MacRumors chart (below) that pretty much sums up the battle:
Its hard to see how HD has a shot.
Now the question becomes how fast the prices drop on both the Blu Ray players and movies, but for now, I am sticking with an upconvert Sony for the big TV.
UPDATE: January 8, 2008 8:21pm
Why would prices go down?
As we previously discussed, I suspect many consumers have been on the sidelines awaiting the winner of the format war between Blu-Ray and HD.
As that fades away, the total number of purchases of the winner — Blu Ray — will go up significantly.
Thus, economies of scale, mass adaptation, and desires for deep market penetration will drive prices lower.
As to the monopoly issue — I doubt its an issue. 1) These are video playback toys, not an essential product or service; and B) There is still legit competition from ordinary DVD players (fer cryin out loud, you can still buy VCRs for $29).
My apologies for failing to explain the intermediate steps in my thinking . . .