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More Finger Pointing from the Music Industry
By Larry Hendrick | August 14, 2005
I can’t think of a single industry that does more whining than the music industry. If you scroll through this blog, you will see many instances of the music industry blaming you for their sorry business practices, sorry management, and sorry promotions for their sorry music. When an artist releases something that someone wants, it sets record sales volumes, but the rest just sits there. I wonder where the problem really is?
Music copied onto blank recordable CDs is becoming a bigger threat to the bottom line of record stores and music labels than online file-sharing, the head of the recording industry’s trade group said Friday.
“Burned” CDs accounted for 29 percent of all recorded music obtained by fans in 2004, compared to 16 percent attributed to downloads from online file-sharing networks, said Mitch Bainwol, chief executive for the Recording Industry Association of America.
The data, compiled by the market research firm NPD Group, suggested that about half of all recordings obtained by music fans in 2004 were due to authorized CD sales and about 4 percent from paid music downloads.
Topics: Business |