Quote:
Originally Posted by Sounds Great  Music's lost decade: Sales cut in half
NEW YORK (CNNMoney.com) -- If you watched the Grammy Awards Sunday night, it would appear all is well in the recording industry. But at the end of last year, the music business was worth half of what it was ten years ago and the decline doesn't look like it will be slowing anytime soon.  |
In the past 10 years we've had
more computers
more internet access
more iPods (some 225,000,000 of them!)
more phones with memory
more online retailers
more single downloads
an economic boom
cheap credit
more disposable income than ever before
The world's economy doubled in size from U.S. $30.21 to U.S. $60.59 trillion
Yet the music industry is effectively halved.
What is missing from this picture?