As Downloads Dip, Music Executives Cast a Wary Eye on Streaming Services | New York Times

As sales of CDs plunged over the last decade, the music industry clung to one comfort: downloads continued to sell briskly as people filled their computers and iPods with songs by the billions.

Now even that certainty seems to have disappeared, as downloads head toward their first yearly decline.

So far this year, 1.01 billion track downloads have been sold in the United States, down 4 percent from the same time last year, according to the tracking service Nielsen SoundScan. Album downloads are up 2 percent, to 91.9 million; combining these results using the industry’s standard yardstick of 10 tracks to an album, total digital sales are down almost 1 percent.

READ THE FULL STORY AT THE NEW YORK TIMES:
http://www.nytimes.com/2013/10/21/business/media/as-downloads-dip-music-executives-cast-a-wary-eye-on-streaming-services.html?_r=1&

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One thought on “As Downloads Dip, Music Executives Cast a Wary Eye on Streaming Services | New York Times

  1. Music is going more toward streaming, but don’t count on any real revenue from that. The Safe Harbor Provision of the DMCA has provided a legal loophole that allowed sites like You Tube to allow uploads of copyrighted content provided the up loader would do a take down upon request from the creator within a specific time period. In the internet world, 24 hours can mean a million viewings. Consider that every viewing provides the site a revenue gain while providing the creator a revenue loss. The take down provision provides no compensation for losses to the creator, and there is no deterrent to keep them from re posting the same item from another up loader. So attempts to police the site by creators are costly and futile, and that cost is borne on the victims. The end result is that any audio or video work could be found at no cost, at anytime on a number of streaming sites. As to music streaming; Keep in mind that all prices are relative. With the loophole present, any material is available at a cost of $ 0. So any legitimate streaming service that attempts to charge any cost greater than 0 is going to be viewed as expensive.

    The Copyright Office is calling now for the Next Great Copyright Act. It is important that we let the office know now that the Safe Harbor Provision must go. In our long history of active copyright protection and recognition, the Safe Harbor Provision is unprecedented.

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