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Topic History of: Music Industry worth only 46% of what it was 12 years ago Max. showing the last 5 posts - (Last post first)
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Karmic Bounce
Clearly what is needed is a catchall method of compiling the charts. It could take into consideration all forms of accessing music whether paid, listened to live or viewed for free over the internet - this has to be the best way of discerning people's tastes. Though I do see a single obstacle in Lady Gaga's Youtube success with Bad Romance (over 1 billion views and growing), so I guess a some sort of compensaton would need to be made for those kinds of freak events.
DJones
These shipping numbers are (more or less) meaningless.
"In essence, the chart shows the decline in CD shipments and how digital sales have not made up the difference. Duh. Everyone knows that, but how is a decline in CD unit shipments equal the “death” of an industry that still brings in 10 billion a year domestically and has been growing in revenue consistently over the past five years (albeit slowly) while everything else in the western world is falling apart?
ASCAP, BMI, SESAC all have posted record-breaking revenue year after year, and while it’s true that EMI is headed for the action block, Universal and Sony don’t seem to be selling their corporate jets anytime soon.
The chart bases its logic by showing a decline in units shipped as reported by the RIAA. It’s no secret to my readers that not only does RIAA shipping data not demonstrate the entire music revenue picture; it doesn’t even give you enough pieces of the puzzle to render the outline. Why?"