Tom, do you have a link to the WSJ article?
On Wed, Apr 15, 2015 at 6:36 PM, Stewart Gooderman <[log in to unmask]> wrote:
> Oddly enough, I think I’m buying more now than I have in quite some time,
> primarily because excellent quality is being combined with very low cost.
> Just take a look at the MLP sets and the Callas EMI set. These are treasure
> troves of quality recordings at bargain basement prices! And I’m also just
> 3 months shy of Medicare age.
> But it always has been my belief that it was the young that drive music
> sales: a new generation creating and listening to new music. But as others
> have mentioned, for reasons more numerous/complex to state here, exciting
> new music has not arrived on the scene for quite some time. The 1920s had
> jazz, the 1930s had swing, the 1940s had the war and Sinatra, 1950s had
> Elvis and Rock n Roll, the 1960s had The Beatles. And then we started to
> see the decline until we hit Rap which is talking to a beat. And what since
> then? Where is the motivation *to* by music.
> In addition, the young have decided on how they want to consume (i.e.,
> listen to) their music. Their’s is a virtual world. All is
> digital/electronic, nothing analog or physical. Here in San Francisco, I
> interact with this new generation all the time: they carry no money, they
> carry no books, they carry no music. It’s all cloud based and that’s partly
> by desire and partly by necessity. In San Francisco a 295-square-foot condo
> just sold for $415K, 39% over asking. Where you gonna store *any* CDs when
> all you have room for is a mini-fridge and a Murphy bed??
> Yes, there are the reactionaries that hunt for vinyl. But they make up a
> microcosm of the new generation of music listeners.
> > On Apr 15, 2015, at 12:37 PM, Louis Hone <[log in to unmask]> wrote:
> > Hi Tom
> > Interesting point you bring up. I see two factors related to this
> > Louis
> > On Wed, Apr 15, 2015 at 1:59 PM, Tom Fine <[log in to unmask]>
> > wrote:
> >> Reported in today's Wall Street Journal, with an equally depressing
> >> graphic:
> >> 5. Net-net, phyiscal media is now about 45% of total music sales, and
> >> still losing ground. Streaming/subscription is the growth area.
> >> are also sliding. The world of artwork, physical product and ownership
> >> one's purchased music is slipping away. Furthermore, recorded music
> >> to be of declining value to an increasing world population with
> >> spending power.