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Old 01-25-2004, 10:44 AM
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CDs Will Die But Net Music May Be a Business Bubble


According to an article on Yahoo News this year the U.S. market alone for downloads and subscriptions to online music stores will top $300 million this year from a virtual standing start a year ago.
I believe it! All the hype lately around here has been around digital music. Do you agree or disagree?
Great, more proof that I'm OLD.
Quote:
"By 2007 or 2008, CDs will be something only old people have," Bernoff said.
Music downloads will render the ubiquitous compact disc all but obsolete in the next five years, yet half of all companies that begin selling digital songs online will fail by year-end, a researcher warned on Saturday.
By 2008, one third of music sales in the United States and nearly 20 percent in Europe will come in the form of downloads and streaming music over the Internet, building a multi-billion dollar business for the battered music industry, according to a new study by consultancy Forrester Research.
"The industry is going through a complete change in the way people consume music," Josh Bernoff, a Forrester Research analyst told a gathering of music and technology executives at the annual MidemNet conference.
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