Chris Anderson says, music industry is up!
At a speech he gave last week he had been asked: What’s going to happen to the music industry?, Chris Anderson, editor-in-chief of Wired Magazine and author of the book The Long Tail, writes in his blog:
“To which I answered ‘Which music industry?’ You don’t mean just the one that sells CDs, do you? Because it’s a big mistake to equate the major labels and their plastic disc business with the industry as a whole.”
When you stand back and look at all of music, things don’t look so bad at all, concludes Anderson. It appears that every single part of the music industry is up, only CDs are down (-18%). They’re around 60% of the industry, but just around 25% if you include MP3 players. Anderson: “So the problem with the music labels is not that music is an industry in decline, but that they have a too-narrow view of what business they’re in.”
Everything in the music industry is up! (except those plastic discs) - The Long Tail
