The Music Industry Has 99 Problems. And They Are…

Lynch

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Only on #2 and I already found one MAJOR flaw in the end of the comment:

2. Recording revenues have been declining for more than 10 years, and
they continue to decline precipitously year-over-year. This has dismantled
the label system, once the most reliable form of artist financing.
Incorrect, this is (was) one of the most reliable forms of RECORDING COMPANY FINANCING
 

Lynch

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#4 shows how flawed the entire system STILL is and how the old dinosaurs running the recording industry STILL have not figured out how to keep up with technology

4. Even worse, the evolution of formats keeps pushing the value of the recording
downward. Streaming pays less than downloads; downloads paid less than CDs.
And the next thing after streaming will probably be even worse.

Digital downloads, ie: selling single songs or entire albums in digital form has basically ZERO overhead. There isn't a factory with employees or machines sitting around pressing CDs and jewel cases and paper inserts all day and all night anymore. It's too bad for the employees, but from the industry itself, they now just have to have ONE single good copy available for purchase on their websites and people will buy.. Again, nearly ZERO overhead. 99%+ profit?! But no, they complain because they aren't making the gross cash that they used to, rather than looking at actual profit.

If they could figure this shit out, they could still make a ton of money and the artists could still make decent money .. I say decent because most artists NEVER made very good money just from album sales. It was the constant touring that made millionaires out of a lot of people.

Something else about digital downloads that they all look at from a once-sided point of view. They bitch about people only buying 1 or 2 songs and not the entire album. They think that people always bought albums before just so they could get 1 or 2 songs that they liked. In some cases, this was true, but they don't look at the other side of the coin where people NEVER bought albums because there was only 1 or 2 songs that they liked and they didn't to buy an entire album for just 1 or 2 songs.... but you can't measure "non-sales" from those people, can we?

The recording industry is so crippled (mentally) that they deserve the slow death they are currently going through.
 

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