While CD Album sales have not changed significantly over the past few years, CD Single sales are falling rapidly. The music industry blames piracy for the CD Single sale drop, but it appears that legal online music download services are gobbling up the sales on singles. With the growing rate of both broadband penetration and online music download services, it is reckoned that CD Singles will become obsolete in about three years. Despite album sales
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With broadband becoming far more common, it is easier to simply download a track than go out and buy it, the industry argues. Emmanuel Legrand, Bureau Chief for Billboard Europe, told BBC World Service's The Music Biz programme that this is likely to spell the end of the chart single. "I doubt that in three years from now, there will be physical singles available in the US," he stated. "It will happen very quickly once all the legitimate services will be in place." In the UK, sales CD singles fell by 30% last year. Marketing mistake For the first time, sales of the most-downloaded track in the US have been higher than those for the CD single at the top of the Billboard Hot 100 singles chart. A number of factors are coming together to further promote the growth of online music - and hasten the demise of the CD single, Mr Legrand added. "This business is growing," he said. Read the full article here. |
I have no problem seeing online music download services replacing singles over time, but it may take more work before they can do this with complete albums also. With CD Singles, the price per song can work out several times more expensive than purchasing the song at 99 cent from a download service. But with Albums, the difference between the album and downloading all the tracks individually roughly adds up not far from the CD price. With the hassle of downloading each song, encoded in a lossy codec, infected with DRM restrictions and no authentic looking CD, the small extra cost for the album on CD is generally worth it; assuming the CD is not CPRM protected also!
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Source: BBC Entertainment News