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Taxi
on 2001-12-31 14:23 [#00065163]
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"Shoppers may think they have seen enough bargains this holiday season, but CDs at $9.99 may soon be a standard offer at music stores as retailers slash prices in bid to battle the scourge of online music piracy.
So for studios, artists and retailers alike, 2001 is closing out as a year of few sweet notes as the industry is also being hit by a lack of blockbuster pop music releases.
"It looks like it will be another year of flat CD sales and I think to some degree that's got to be attributed to the fact that there's so much music available online," Tom Adams, president of entertainment industry research and consulting firm Adams Media Research said.
"I also think (the price cutting) is also as much to do with the fact that the economy is terrible and holiday sales were off overall," he told Reuters.
Shoppers may think they have seen enough bargains this holiday season, but CDs at $9.99 may soon be a standard offer at music stores as retailers slash prices in bid to battle the scourge of online music piracy.
So for studios, artists and retailers alike, 2001 is closing out as a year of few sweet notes as the industry is also being hit by a lack of blockbuster pop music releases.
"It looks like it will be another year of flat CD sales and I think to some degree that's got to be attributed to the fact that there's so much music available online," Tom Adams, president of entertainment industry research and consulting firm Adams Media Research said.
"I also think (the price cutting) is also as much to do with the fact that the economy is terrible and holiday sales were off overall," he told Reuters."
I really wish someone would point out to these guys that when napster was around full time, the record industry had its best year ever, and now that it it gone it has had one of its worst.
People are stupid. Nuff said.
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Ophecks
from Nova Scotia on 2001-12-31 18:22 [#00065194]
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People are stupid, those words ring true, my friend.
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bumblefuk
on 2001-12-31 18:44 [#00065202]
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record companies complain almost EVERY year that sales are disappointing, as well as blaming sales on home taping as killing the industry for 20 years, the market changes, the record companies gotta change also, so they should quit they whiny bitchin.
department stores complain every year also. and American auto makers, cause they want the govt to give them special favors. and American baseball teams, because they are hypocrites.
everything is always getting worse... oh no!!!
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Taxi
on 2002-01-01 12:13 [#00065412]
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Remember that the world is about to end...
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Taxi
on 2002-01-01 12:15 [#00065413]
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Wow... I just realized I copied twice in the original message. I ought to kick myself.
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