Awhile ago, Joyfulgirl and I discussed the impact of Mp3s on the record industry. We now have the first glimpse of the future, as the Wall Street Journal reports:
In recent weeks, the music industry has posted some of the weakest sales it has ever recorded.
This year has already seen the two lowest-selling No. 1 albums since Nielsen SoundScan, which tracks music sales, was launched in 1991.Some artists and record labels have accepted that people will be ripping CDs onto their iPods. The Nytimes reports the second glimpse of the future:
"We're just acknowledging the way our fans like to listen to their music,'' said Dan Cohen, head of marketing for Palm. ''The idea of doing this isn't to say to kids, 'Hey, swap our files.' We're saying: 'Thank you for buying the record. We want to give you something.' Maybe that's saying, 'You'll burn this onto your iPod anyway; well, here -- it's high quality, it's sanctioned by the artist and we're cool with you having it on your player.' And if a few people trade it, well, we're hoping they'll like it enough that they'll go buy it.''But the biggest thing is another Times report on the end of the Album:
Universal/Republic Records, their label, signed Candy Hill to record two songs, not a complete album.That is right, the band is not making an album filled with one or two good songs and a whole bunch of crud, they are just making one or two good songs. The music industry is changing.