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 5/10 Good --- seekingalpha.com http://seekingalpha.com/sector/media.xml
| 'Media' Tag RSS Syndication from SeekingAlpha.com ... |
Tuesday, May 13, 2008 --- 72 days ago http://seekingalpha.com/article/76980-music-industry-downfall-the-rise-of-social
| Compete submits: If any industry has felt the brunt of the internet as a disruptive
technology, it’s the music industry, which has been dealt a heavy blow
by the onset of digital music distribution. On the April 28, the RIAA
again confirmed this state of affairs when reporting
that CD sales, the mainstay of the business for the last 15 years, were
down a whopping 20.5% in 2007. Then on May 2, a Federal Court ordered
AOL (TWX), Real Networks (RNWK) and Yahoo! (YHOO) to pay $100M to music artists as back
payment for streaming their music online, proving that it’s not just
the Big Four labels who have been affected by this disruptive shift.
Apple (AAPL), a technology company, has
become the most powerful player, with sales of 2 billion songs last
year. The iPod/iTunes combo, the default of cool in our culture, has
freaked out the Big Four and sent traditional music retailers like
Wal-Mart (WMT) and web 1.0 giants like Amazon
(AMZN) scrambling into digital music distribution. So far their nascent
incursions have not had a big impact, despite offering DRM-free music
and savings of a few pennies. Complete Story » ... |
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