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The RIAA's "sue 'em all" campaign briefly resulted in a 22% drop in file sharing, but at the same time, CD sales have plummeted by 9.4% and, "Specifically, curtailing file trading may not improve CD sales, but instead may accelerate their decline," US financial analyst Phil Leigh says.
The prepackaged CD format has "seen its best days," he states. "The transformation of recorded music sales from physical distribution to Internet distribution is inevitable."
Leigh, a Raymond James and Associates vp, is quoted in Britain's Macworld. The magazine doesn't say where Leigh's figures come from, and at the time of writing, there was nothing on the RJA site breaking it down.
But, "The initial data is [sic] not encouraging for the labels as it suggests that the fundamental premise underlying their deterrence strategy is flawed," Leigh says.
What to do?
The labels should, "continue their steps in the direction of friendly consumer-use licensing terms for their content to the legitimate Internet music distributors," he says and, adds Macworld, he, "predicts that once the labels enjoy profits from the new medium, then movie studios will be 'right behind them', predicting a second wave of legal distribution services."
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Just more evidence that the RIAA is clueless.
The prepackaged CD format has "seen its best days," he states. "The transformation of recorded music sales from physical distribution to Internet distribution is inevitable."
Leigh, a Raymond James and Associates vp, is quoted in Britain's Macworld. The magazine doesn't say where Leigh's figures come from, and at the time of writing, there was nothing on the RJA site breaking it down.
But, "The initial data is [sic] not encouraging for the labels as it suggests that the fundamental premise underlying their deterrence strategy is flawed," Leigh says.
What to do?
The labels should, "continue their steps in the direction of friendly consumer-use licensing terms for their content to the legitimate Internet music distributors," he says and, adds Macworld, he, "predicts that once the labels enjoy profits from the new medium, then movie studios will be 'right behind them', predicting a second wave of legal distribution services."
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Just more evidence that the RIAA is clueless.
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