CD Music Sales Down 20%

A lot of people are talking about the fact that CD sales are down by 20% from a year ago. While the music industry blames it on pirated music, there are more important reasons that CD sales are down:

• The compact disc is 25-year old technology;
• Mainstream music has stagnated;
• People are spending their entertainment dollars on other media, like DVDs and video games;
• You can buy spend $2 on a couple of singles and get the songs that you want from a CD, instead of buying the whole CD;
• The music industry jacked up prices when CDs were introduced, and many people think CD prices are too high;
• Unlike used records, used CDs sound great, which means that the market for releases of older music is getting saturated; and
• The compact disc is 25-year old technology.

The biggest reason that sales are declining, though, is that you can get great free MP3s legally.

Read more of this story on Podcasting News.