The “Death” Of Music?
Posted on April 8th, 2009 by Costa

Sarah Clemence recently wrote an interesting article for Condé Nast about what is probably the true status of the mainstream music industry. In it, she makes the case that in fact the music industry is not doing that bad, because while individual consumers aren’t buying CDs in droves, there is still revenue to be made from alternative outlets, like music publishing and rights for putting it in movies and on TV and in cell phone ring tones. All of this along with the now-growing legitimate online music business, slowly but surely overtaking the free underground market that Napster and Pirate Bay inspired. Whether you want to believe it or not, iTunes makes money. Wal-Mart’s online music store makes money, and with the growth of DRM-less music for sale online, it’s fast-growing market.
For years, we’ve been hearing about the “death” of the music industry. “Oh, online music sales will kill the independent record store. The cost of making CD’s is keeping small indie labels from competing. People downloading music these days, often illegally, is stealing from artists who work hard for their art. It’ll never be the same again!”
No, it won’t, to be honest.




