Bigwig over at Silflay Hraka pointed out this news story. Apparently since the RIAA started its legal crackdown through lawsuits against downloaders, CD sales have fallen 54%.
I have an mp3 collection, but every single song is also found on CDs, LPs or cassettes that I own. None of them is newer than 10 years old. I can't afford CDs. They're too damned expensive. I don't get revenge by downloading all the songs I like. I get revenge by listening to radio. The record companies get some money from this, sure, but not as much as they do from CD sales. And listening is free.
Universal Music has figured it out. They've just dropped prices. Not enough, in my view, but it's a start. $9.99 (Canadian) for a CD from a new artist isn't great, but it's not as ridiculous as it was. Drop 'em a bit more, and I might actually buy CDs again.
Posted by Squiddy at September 10, 2003 11:23 AM | TrackBack