Apr
18
For more than a decade the music industry has claimed that digital piracy is the main cause for the gradual decline in revenues. However, looking at the sales data of the music industry itself shows that the disappointing income might be better explained by a third factor that is systematically ignored.
After music cassettes were introduced in the mid-70s the number of sales saw a gradual increase, until the late 80s when the CD took over in popularity. Cassettes were eventually phased out as CD sales continued to skyrocket. In music industry vocabulary one could argue that CDs killed cassettes.
Interestingly enough, this format shift was nothing new for the music industry. The exact same pattern also applied to the LP/cassette battle, with cassettes eventually taking over
After music cassettes were introduced in the mid-70s the number of sales saw a gradual increase, until the late 80s when the CD took over in popularity. Cassettes were eventually phased out as CD sales continued to skyrocket. In music industry vocabulary one could argue that CDs killed cassettes.
Interestingly enough, this format shift was nothing new for the music industry. The exact same pattern also applied to the LP/cassette battle, with cassettes eventually taking over
