Eugene David ...The One-Minute Pundit |
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Monday, June 25, 2007
Compact Disc's Outlook Worsens
...and no, despite the best hopes of news hacks, who want to believe, downloads aren't substituting: Greenfield and Smaldon said they expect U.S. unit sales of digital music to grow 28% in 2008, slowing from projected growth of 47% this year. However, rapid growth in digital sales will still fall short of making up for the decline in CD sales. As a result, the Pali analysts expect total U.S. unit sales of recorded music to decline about 9% in both 2007 and 2008. [Emphasis added] This is all one word: [C]RAP. [C]RAP has come to define the recorded-sound biz in the public imagination, and the public doesn't want to imagine. And [C]RAP has no melody, and where there is no melody, there is no music. The other pop...SOUND jean-RUHS follow in line; words like alternative, industrial, grunge, punk -- they're just another word for tuneless. There is nothing new to listen to. This is excellent news in the short run as it will put many of the disgorgers of this sonic bilge water out of business. It is a calamity as far as the ear can hear.
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