09-10-2003, 01:46 PM | #41 | |
Zartan
Join Date: July 18, 2001
Location: America, On The Beautiful Earth
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Specifically my stores and many others went down because: a.) 25-40% decline in core business... ie. CDs b.) Rent that continues to go up, while sales are down for all retailers facing a tough economy. c.) Record lables that seriously cut back price and position advertising dollars and were inflexible on lowering the wholesale prices on CDs until just recently. Also the big label's business stragedy that involves losing money on 85% (up and coming unknown acts) of the artists they sign with the hope that the other 15% (established "brand named") artists will make it up. Finally the big label's gobbling up any smaller indie label that would be in a position to offer CDs at a reasonable price. They either buy them out or stick huge distribution costs to them, forcing them to raise prices to meet costs. d.) Big box retailer like Best Buy or Walmart that sell CDs at a loss with the idea that they will make it up with the plethora of other profitable items they sell. e.) A percieved lack of quality CD offerings, though percieved lack of quality hasnt stopped people from stealing to music for free on the net.
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09-10-2003, 01:58 PM | #42 | |
Zartan
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It is a fine arguement that people weren't gonna buy it anyway, but if that was the case then the sales of CDs to the primary demographic of file-sharers (teenage-young adult) would not have dropped like a lead weight. If sales had marginally slipped across all demographics it would be a different story perhaps. Besides CD prices have been basically high for many years, but only the proliferation of filesharing and bootlegging via CD burning in the last few years saw a massive catastrophic drop in sales. [ 09-10-2003, 01:59 PM: Message edited by: Chewbacca ]
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09-10-2003, 02:05 PM | #43 | |
Ironworks Moderator
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It is a fine arguement that people weren't gonna buy it anyway, but if that was the case then the sales of CDs to the primary demographic of file-sharers (teenage-young adult) would not have dropped like a lead weight. If sales had marginally slipped across all demographics it would be a different story perhaps. Besides CD prices have been basically high for many years, but only the proliferation of filesharing and bootlegging via CD burning in the last few years saw a massive catastrophic drop in sales. [/QUOTE]That's still not a proof. Maybe teenagers are the one to be the most fed up with the music industry. It certainly fit the profile, as they are usually the one quickest to rebel against authority. Just because a genre is popular dosn't mean people are going to buy it more. I prefer some genre over others, and I still buy no music at all.
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09-10-2003, 02:14 PM | #44 |
Zartan
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Comparative sales figures are proof and are more proof than what you are offering. Also some very detailed industry inside exit polls also back this up.
Not to mention the the amazing coincidence between the massive drop in sales and the proliferation of file-swapping and bootlegging. Sorry that I dont have any exact statistics handy, Luvian. If I find something concrete besides my own 5+ years expirience in the retail music business and countless conference calls on how and why our sales were dropping, I'll post them.
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09-10-2003, 02:25 PM | #45 |
Zartan
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I must add that file-sharing isn' the sole reason for the decline in CD sales, but to imply it hasnt negatively impacted sales a meaningful way is bit naive in my opinion. I used to think that file-sharing might actually help CD sales as people could try before they buy, but the facts haven't materialized to support such an idea...yet.
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09-10-2003, 02:31 PM | #46 |
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Luvian, you need a decent used CD store. Works for me.
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09-10-2003, 02:46 PM | #47 | |
Apophis
Join Date: July 10, 2001
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Anyway, RIAA is as power hungry as any other organisation out there. I doubt they think about anything but covering their own expences and putting some extra money in their own pockets. This latest action will only lower the reputation of the music industry further. It won't matter that they lower prices, if they keep this up they'll lose all their money permanently. It's still a wonder that they haven't taken advantage of the file sharing possibilities.
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09-10-2003, 02:51 PM | #48 |
40th Level Warrior
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If you lower prices by $6 but sell a lot more records, you have made less on each one but made an overall better profit. It's not at all obvious that lowering by $6 means they were making money. They may be lowering prices due to the fact they were losing money. CDs sitting on shelves don't make money unless they're purchased.
RIAA asserts that out of all music only 15% makes any profit -- and the 15% props up RIAA's ability to put out a diverse range of music that is unprofitable. Hmmmm... I think I'm the only one angered by the criminal prosecutors pursuing RIAA cases. :dontkonwaboutyou: |
09-10-2003, 03:21 PM | #49 | |
Iron Throne Cult
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09-10-2003, 03:26 PM | #50 | |
Galvatron
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Oh and I cracked up last night playing KOTOR(Knights of the Old Republic) when one of the characters spouted the line in your sig [img]smile.gif[/img]
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