Music Industry
Are CDs Becoming Obsolete?
10 Jul 2008 01:06 AM
Here's a slideshow I found at Future of Music. There's not much I know about these things, but any revolutionizing forces which will benefit musicians and their listeners are okay in my book.
Notice that in slide 18, the Philippines are the second highest country in terms of downloading music without paying. China ranks first. But China's population (1.3 billion) is seventeen times that of ours (76 million)! No wonder nobody buys CD's here these days.
If there are countries whose music industries ought to shape up in terms of maximizing the current technology, and the thousands of social interactions on the net, we are first on the list.
In the light of these findings, how can our artists and music producers change the way the music industry markets and distributes music in the Philippines? Or whatever country you're from? Feel free to post your thoughts.
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