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Category Archives: Gloom And Doom

Cassettes Officially Passe, CDs Next?

Posted by on February 7, 2011

The New York Times is reporting news that you probably already knew if you’re old enough to even remember using one: the car cassette deck is next to non-existent. New research has found that the last new car to be factory-equipped with a cassette deck in the dashboard was a 2010 Lexus. This really shouldn’t […]

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Sony Music Sales Drop 14.5% In Last Quarter

Posted by on February 7, 2011

DigitalMusicNews.com is reporting that Sony Music’s sales experienced a huge 14.5% decrease during its last quarter, while revenue slipped to $1.72 billion for the three month period (which ended on December 31st). With illegal downloading still reigning supreme, this major drop isn’t as much of a shock, especially since the latest Susan Boyle album and […]

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Traditional A&R: A Dying Process?

Posted by on January 18, 2011

It used to be that the A&R position was one of the key roles within the music industry and to the success of a band. But as the music business has taken more hits and loses thanks to the rise of illegal downloading, the “traditional A&R” process has come, well, close to extinction. DigitalMusicNews.com has […]

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Album Sales Continue Their Inevitable Decline In 2010

Posted by on January 6, 2011

What a difference a decade makes. In 2000, there were 942.5 million CDs sold. Of course, that was a pre-digital world, and they’ve been on a steady decline in the years since. So it should come as no surprise that Billboard.biz reports that album sales dropped again in 2010 to 326.2 million, or a 12.8% […]

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Best Buy Reducing CD, DVD Sections

Posted by on September 17, 2010

CD sales have been taking a hit for years, but they’re about to get even worse. In a recent conference call with analysts, Best Buy Chief Executive Brian Dunn told analysts they’d be significantly reducing the amount of space for CDs before the end of the year. “We’ll have another store reset before the holidays, […]

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