Unsinkable music CD finally sinking
Found on The Register on Wednesday, 05 January 2011
After a remarkably resilient lifetime, in which its death was announced prematurely several times, the music CD finally looks to be on its way out. Figures released by the BPI this week show a 12.4 per cent decline in CD albums sales.
The picture for album sales is likely to get worse. HMV is closing 60 stores with the chain's shares trading at a quarter of their value a year ago. HMV hardly helped matters by pricing goods cheaper on its online store - effectively taxing people who bothered to go to its stores.
Of course the industry will pull the usual card and blame filesharing for all that and claim that, with more draconic laws, CD sales would be ten times as high as they are now.