NYTimes on the Death of the CD
Feb 23, 2003 07:33 · 104 words · 1 minute read
There seems to be an ever-increasing number of articles on the sorry state of the music industry today. For example, the NY Times says that CDs may be reaching the twilight of their market. It has this interesting quote as well:
Most analysts and industry executives agree that selling music online is the future. But they say it will take at least two years for companies to devise a business plan for it that makes financial sense.
I find the “makes financial sense” part of the quote interesting. I really think that the industry executives are desperately trying to maintain their current revenue levels.