Music Trade-In Program initiated by Amazon
Most of the musicians and music artist would look at this as displeasure. CDs are on the way out, while downloading are on the way in. Since the year 2000, CD sales have fallen by significant percentages year after year — according to Nielsen SoundScan, CD sales were down 16 percent for the year as of June. Meanwhile, selling music via download has proven to be a growth industry; this year, iTunes surpassed Wal-Mart to become the No. 1 music retailer in the U.S., according to marketing research firm NPD Group’s MusicWatch survey.
Most of the economists, CDs are going to be extinct, but it is a long run term before it declares as extinct. It doesn’t think it’s important for music to continue to exist in a tangible format, at least not in terms dictated by the market. It’s more efficient to download [music] because you don’t have to have trucks and retailers just to deliver to all consumer the product (CD), so there’s a big savings there, and you get it immediately, in one click, you can avail the latest album of your favorite band or movie. That has always seemed like a more efficient mechanism.”
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