Alvin Blanco writes in Giant magazine in a article titled Disc Closure that the beloved CD is fast becoming a thing of the past.According to Neilsen Soundscan,CD sales were down 20 percent during the first quarter of 2007,while digital-single sales rose by more than 50 percent.
"CD sales have been on a downward slide,particularly this year,says Geoff Mayfield,director of charts( senior analyst at Billboard)."When this ipod ready system takes over completely,you'll see CD's die out like the eight-tracks and tapes" says rapper Cassidy,whose 2nd single "Im a Hustla" sold 785,000 ringtones in just four months.
Most agree that CD'S spiraling down into a niche market isn't a matter of if but when.The digital realms rapid growth means record companies need to adopt their business models."Labels are realizing they have many revenue streams"says Max Grousse,executive vice president of A&R at Music World Entertainment,home to Beyonce and Kelly Rowland."People are consuming music differently."
"CD sales have been on a downward slide,particularly this year,says Geoff Mayfield,director of charts( senior analyst at Billboard)."When this ipod ready system takes over completely,you'll see CD's die out like the eight-tracks and tapes" says rapper Cassidy,whose 2nd single "Im a Hustla" sold 785,000 ringtones in just four months.
Most agree that CD'S spiraling down into a niche market isn't a matter of if but when.The digital realms rapid growth means record companies need to adopt their business models."Labels are realizing they have many revenue streams"says Max Grousse,executive vice president of A&R at Music World Entertainment,home to Beyonce and Kelly Rowland."People are consuming music differently."
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