There is a report on the internet that the major record labels are going to abandon CDs by the end of 2012, if not sooner. Can anybody on this forum confirm whether or not this is a bogus report?
I heard the same thing about LP's 25 years ago .
I read an interview with a major record label exec that said CD sales are brisk and would be around for a long time .
Music servers may be the up and coming thing , but there is still much room for other formats .
I hope your right!
There is a article in Rolling Stone Magazine predicting the demise of CDs with Paul McCartney on the cover. Anybody read it?
They are not reprinting even sold-out titles! As a matter of fact, CD stores in major cities are all but closed down.
Record labels will be the next to vanish. There is no need for such companies to exist any more. Artists will sell their products directly on Apple or Google or from their websites.
You will see only Bluray movie titles on shops!
Where do you live? In a remote sparsely populated country side?
All CD-only vendors are gone in major cities. They only operate in remote country towns where there are very little alternative entertainment exists!
CDs still account for 60% of revenue. Why on earth would they abandon them? And just like vinyl making a comeback , not everyone wants low fidelity mp3 files, and loss less selection is sparse.
The record companies will not be abandoning CDs or LPs any time some since no matter what their flaws physical media is still makes a lot more money for the record companies and the artists than does streaming. By streaming I am referring to people listening to music via sites and services like Pandora and Spotify and the income stream from streaming is a small fraction of the income from sales of physical media or even downloads,
But I agree that the selection of legally available lossless downloads is not very good, however the selection of less than legal lossless downloads has been and remains very extensive in spite of the best efforts of the record companies and the US Justice Department.
LP's account for a very very small part of revenue for the record companys but I doubt the'll disapear anytime soon .