Monday, September 22, 2008
1982 Called. It Wants Its Digital Music Distribution Model Back
Overall CD sales are plummeting after eight years of unflagging erosion. Digital music sales now account for 15 percent of recording industry’s revenues worldwide and 30 percent in the United States, according to recent data from The International Federation of the Phonographic Industry. And those numbers are climbing faster than ever. Consider: This past June, Apple said it has sold some five billion songs on its iTunes Store. Clearly, physical media are giving way to the Internet as a means of music distribution. What better time, then, to reinvent the music industry’s business model for physical media, as SanDisk hopes to do with its new microSD memory card album format?
