Monday, December 08, 2003


USATODAY.com - CD prices hit sour note with retailers, buyers
Music executives blame rampant piracy and file sharing across "peer-to-peer" networks, such as Kazaa, for a staggering 31% sales drop in the last three years. Piracy now costs artists and record labels $700 million per year, according to Forrester Research, and the industry has started suing individual users who share files.

But lost in the furor about piracy is the fact that many consumers are buying less music because they believe CD prices are too high. Some have shifted their entertainment dollars to competitors, such as DVDs and video games.

Also lost in the furor is the fact that there are really no "supergroups" left or interesting new trends such as "grunge" etc., to bring people in. The music today, well, sucks.