CHART OF THE DAY: The Death Of The Music Industry.
So this post includes an chart that seems to show the death of the music industry. I wanted to link to it as I am a bit skeptical. If we consider that the CD was a music format change where the record industry convinced most people to go out and repurchase the music they already own on other formats then you’d expect to see a huge explosion of sales growth, right?
So if we look at the music sales from the 70′s it appears that the record industry is actually heading toward a return to normal consumer spending habits. It is certainly too early to tell, but looking at this chart it looks more like sales of the CD format have been an anomaly and music sales should be at a far lower rate moving forward.
We are back at the Counting Room, to have some fancy cocktails and party like it’s 3099.