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McDonald's rock: Is it downloading, or does the music simply suck?
From: Dave Farber <dave () farber net>
Date: Sat, 23 Aug 2003 07:57:59 -0400
Date: Sat, 23 Aug 2003 07:28:28 -0400 From: Barry Ritholtz <ritholtz () optonline net> Subject: McDonald's rock: Is it downloading, or does the music simply suck? To: Dave Farber <dave () farber net> Hi Dave, Interesting article on CBS Marketwatch on why CD sales are slipping: McDonald's rock. I'm in the middle of assembling a major research piece on music downloading, and I couldn't agree more with this thought. If the quality of your product stinks, don't be surprised if people don't buy it. I call it the "insipid boy band factor." Here's a terrific quote from Lee Abrams, chief programming officer at XM Satellite Radio: "There are periods of lull, where really there's no major statements being made, music tends to become very corporate, very McDonald's rock, all the same, and right now we're in a period of musical lull," Abrams said. "And I mean, every indicator is there The article "CD sales decline -- Is quality a factor? Industry experts: Album quality may be one issue" is here:http://www.marketwatch.com/news/yhoo/story.asp?guid=%7B3F08CBE9-2416- 42CB-A7FA-12D8D4471141%7D&siteid=myyahoo&dist=myyahooAnother good quote: "Some industry observers wonder, however, to what extent there has been a drop in the artistic quality of albums, and how much of a factor that has been in the digital era. In 2002, CD album sales fell 7.1 percent from the previous year, to 649.5 million, led by a 17.7 percent drop in R&B sales, a 15.2 percent dip in metal, a 6.4 percent slide in rap and a 4.4 percent decline in alternative. One thing that moves many people to seek digital downloads is that they only want two or three songs off a given CD, and are reluctant to pay $20 for several songs they won't listen to" The whole article is worth reading . . . Barry L. Ritholtz Market Strategist Maxim Group britholtz at maximgrp dot com (212) 895-3614 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Big Picture: A blog of capital markets, geopolitics, with a dash of film! http://bigpicture.typepad.com/comments/
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- McDonald's rock: Is it downloading, or does the music simply suck? Dave Farber (Aug 23)