Do CDs have a future in the developing world?
// June 23rd, 2008 // 0 Comments // Media, Mobile, Music
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‘Doomed’ in music album covers rendered by Amaztype – check it out
In Canada, PWC forecasts that music downloads will exceed physical music sales by 2011. That’s no longer amazing, though it would have seemed so to the music industry five years ago. Now it’s just further confirmation of what we already knew – the music industry is undergoing change at of such magnitude and pace as to be almost indistinguishable from extinction.
It’s not so much the fact that it’s happening but the rate at which its occurring. In 2007, the Canadian download market was less than a quarter of the size of the physical sales market, yet in only four more years the minnow will overtake the whale due to the rapid rate of change – the decline in Canadian CD sales, for instance, was 11.9 per cent in 2006 and 19.8 per cent in 2007.
So far, all shocking stuff that no longer shocks. The unanswered question is: where will the CD market bottom-out? How many CDs can the industry still expect to sell in, say, 2020? And where? (more…)



