Sunday, April 8, 2007

Record Store Owners Blame RIAA For Destroying Music Industry

There was an excellent Op-Ed post this last week over at the NYTimes, about how Record Store owners essentially blame the RIAA for the horrible situation the music industry is in.

And - as is often the case - the discussion sparked on slashdot ends up being more insightful than the New York Times. A few highlights:

user ~tgatliff:
As another business owner, I think I know one big reason why your business is failing... You also forgot who your customer is... What right do you have to tell that kid what he can and cant do because of a major flaw your industries business model? This kid is only doing what makes sense to most logically minded individuals that just paid >= $15 for an album. If your industry charged $2 for that album, do you honestly think that anyone would bother the pain of burning it?

What your industry should have done is realised that the individual "value" of your product was going down and reduced your prices accordingly to compete. That is what the rest of us do. They didnt, because they (indluding you) forgot that you serve the customer music... You are not the gatekeeper of music.. Those days are over... The internet is not your competitor.

Also, do not pitty me with your "loose the house" crap. As another business owner, I completely understand this risk, and it is part of being a business owner. It is not societies responsability to prop up a failing industry that is committing suicide. It is dieing and either you change with it or go broke. Oh, and I have a little advice for you since you dont seem to have gotten it yet... Get the heck out of selling music CDs... Close the doors, lick your wounds, and move on. No move or lawsuit is going to save you...


user RedWizzard:
What IS sad, however, is that people don't consider $15 a good deal for an hours worth of music.

I think a big part of the reason for this is that it doesn't compare well to DVDs. Should I consider $15 dollars a good deal for an hour of music that cost $1M to produce when I can spend $20 for 2 hours of movie that cost $200M to produce? (Not that cost is any indication of quality.)

The RIAA has conviently ignored the impact of DVDs. People spend a lot of money on DVDs, money that in many cases would have been spent on music if DVDs didn't exist. I suspect this is the most significant factor in the music industries declining fortunes, not piracy. People have X dollars to spend on entertainment and that money is being spent on different things than it was 10 years ago. DVDs and games are up, music is down.


and the discussions continue...

As summed up by user techdirt:
It's not every day that you see a NY Times piece use the word 'boneheadedness' to describe the strategy of an organization.


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