Spudman
June 22nd, 2008, 11:54 PM
I came across this today.:(
Subject: CD - The End - now it's official
Dear Angela,
The IFPI (International Federation of Phonographic Industry) announced today the
result of their latest survey as to the future of the CD format as a music
media. The vast majority of IFPI members, including all majors (Sony / BMG,
Universal, Warner & EMI) and all big independents predicted that they will stop
pressing CDs by 2010. All of them also said that they would be cutting down the
available catalog of physical product about 50 % or more each coming year.
Although most companies quote download as future means of music distribution,
they also admit that the actual download format is not yet certain.
That really puts the lid on the CD as the music carrier. Funny - I've been
saying this for the last 2 years, but everybody said I'm crazy.
Of course some CDs will still be manufactured for the niche markets, offered
mainly to the existing collectors base, but soon the CD will become mainly a
second-hand market. This will probably mean another increase in the price of
CDs, as pressing small quantities will become much more expensive per unit.
In the last 2 years I find it increasingly more difficult to buy CDs from the
labels, which keep deleting items from their catalog or simply not repressing
sold out items. This is of course understandable in view of the future
prospects. In the 7 years since the Jazzis Web Shop started I tried to keep the
availability of the items in my catalog at 90+ % at all times, but this is no
more possible. At the moment by availability is only about 65 % (meaning that
over one third of my catalog is out of stock, most of it being out of print).
It doesn't take a genius to figure out that now is the time to grab whatever is
available.
Have Fun!
Adam Baruch
Jazzis Web Shop
Subject: CD - The End - now it's official
Dear Angela,
The IFPI (International Federation of Phonographic Industry) announced today the
result of their latest survey as to the future of the CD format as a music
media. The vast majority of IFPI members, including all majors (Sony / BMG,
Universal, Warner & EMI) and all big independents predicted that they will stop
pressing CDs by 2010. All of them also said that they would be cutting down the
available catalog of physical product about 50 % or more each coming year.
Although most companies quote download as future means of music distribution,
they also admit that the actual download format is not yet certain.
That really puts the lid on the CD as the music carrier. Funny - I've been
saying this for the last 2 years, but everybody said I'm crazy.
Of course some CDs will still be manufactured for the niche markets, offered
mainly to the existing collectors base, but soon the CD will become mainly a
second-hand market. This will probably mean another increase in the price of
CDs, as pressing small quantities will become much more expensive per unit.
In the last 2 years I find it increasingly more difficult to buy CDs from the
labels, which keep deleting items from their catalog or simply not repressing
sold out items. This is of course understandable in view of the future
prospects. In the 7 years since the Jazzis Web Shop started I tried to keep the
availability of the items in my catalog at 90+ % at all times, but this is no
more possible. At the moment by availability is only about 65 % (meaning that
over one third of my catalog is out of stock, most of it being out of print).
It doesn't take a genius to figure out that now is the time to grab whatever is
available.
Have Fun!
Adam Baruch
Jazzis Web Shop