- shops are closing down becasue people are downloading off the internet e.g youtube converter, lime wire.
Death of CD Format:
- Record shops are closin down e.g zavvi, walworths and HMV have closed down 60 stores so far.
- Downloads have increased
- most of this is illegal
Itunes:
- Cheaper single track sales.
- Destroys notion of album
- not enough sales to compensate for loss of CD sales
- Itunes are successfu; the profit they made was 1% more than they did but music sold 10% thefore was not successful and no money was being generated.
An artist stated that "However there are more listeners now than there has ever been before therefore there is a growth in listener but declines in sales".
Video streaming also makes money.
Take that (the band):
- still shift CD'S (STILL SELLS)
- Fan base of older women prefer to by CD'S than download.
Music videos became mainstream after the thriller video by Michael Jackson 6months after MTV had started, because MTV just started in 1981. Music video became sucessful when it started.
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