Same here.
The irony is, like the LP a few years ago, there is a hipster movement to bring back the cassette.
I see some bands are releasing "Cassette Only" albums. It never ceases to amaze.
Same here.
IIRC Alan, the Minidisc was meant to be a digital replacement for cassette tapes as a recording (mixed tape) making medium more than anything else, definitely not a delivery medium from the get go. It was the cheaper to market alternative than DAT. Not too sure about prerecorded DCC. On the other hand, prerecorded compact cassette (lossy ) did supplant Vinyl as the main medium in terms of units sold and later in monetary terms (It wasn't the CD folks) so maybe they were hoping to do the same. Still, looking back, it makes no sense how they could have done so from a cost of goods sold perspective. On one hand you had polycarbonate that could be stamped and on the other, mediums with casings and moving parts. One (DCC) would have required dubbing machines.
What I think is that they didn't see the dark side see computer audio coming. They should have the day the first 16bit sound card was launched especially since companies like Philips were providing chips! Convergence had happened. No amount of law suits could turn the tide back so they simply hopped on the bus.
Nope, I'm not joking. There will come a point in time when CDs won't be made anymore and LPs will continue to be pressed and sold.
Even I'm not totally convinced CDs will stop being made completely any time soon. Radically scaled back, yes. But stopped altogether? I think that's unlikely. Global CD sales have gone from a 2000 peak of 2.5bn to last year's figure of 833m (source: IFPI), so the market has dropped away by about two-thirds in a dozen years, but there are still genre and whole countries where CD is still a major player.
My concern remains how big a scale back, and the speed of that scale back. I don't think a CD market in the US that was a billion units a year at the turn of the century and is below 200m units today affords us much right to be complacent, even if the likelihood is that CDs will still being made for the foreseeable future.
Look up where they obtain their LP sales figures from [I'll give you a hint--it's not from independent stores that are the biggest sales outlet for LPs). It's far from accurate.
What I don't get is how they're not making a profit selling CDs when the manufacturing costs are like $0.25. Even with royalties, etc., record labels are still making a good profit. Or is it maybe a reflection on the quality of the music being released than the CD itself. Nowadays, it's a miracle if an album has more than one or two memorable tunes. Ergo, the push to Itunes where you can get your two favorites songs off a CD for 0.99 each rather than paying $15. (might be more since haven't bought a CD in years.)
What I don't get is how they're not making a profit selling CDs when the manufacturing costs are like $0.25. Even with royalties, etc., record labels are still making a good profit. Or is it maybe a reflection on the quality of the music being released than the CD itself. Nowadays, it's a miracle if an album has more than one or two memorable tunes. Ergo, the push to Itunes where you can get your two favorites songs off a CD for 0.99 each rather than paying $15. (might be more since haven't bought a CD in years.)
Are you saying indie stores don't use Soundscan? BTW, if LP sales are being under reported you can bet CD sales are too.
My point wasn't so much about MD, but DCC. Philips touted it to us as a replacement to compact cassette and CD in one. Philips had an odd half-right/half-wrong view of music in the 1990s. Music was all about digital portability (DCC having the advantage of not skipping like a portable CD player at the time), while the future of CD was more to do with CD-Video and CD-i with its added content and 1980s games graphics.
IIRC, the idea surrounding DCC and copying was that Philips thought direct digital copying would be impossible because it included SCMS.
That it got this spectacularly wrong on almost every level wasn't a function of a lack of vision on the part of Philips. A crushing lack of pointing that vision at the real world... yes. But it had big ideas.
The record label makes a profit if enough CDs sell in good number. This is oversimplified, but if that label has 100 acts in a month that each has a 10,000 CD run, that's a $250k investment in CDs. The change in the CD market means currently maybe five or ten of those acts will sell well, and the others will sell in tiny numbers, or not at all. The hope for a record label is the sure fire hit sells by the truckload, to help offset the money lost from the poor performance of the others. But all you need is six bad months where you are paying out a quarter of a mil and getting back five grand, and the company is toast.
This - plus the fact that the head of the label and many of its acts label had a titanic nose-candy problem - was the problem that sank 'successful' labels like Creation Records. Bands like The Jesus and Mary Chain, Primal Scream and Boo Radleys made Creation a whole heap of cash. But there were also a lot of bands like Biff Bang Pow!, Felt, Momus, The Weather Prophets, The Jazz Butcher, Fluke, Swervedriver, even My Bloody Valentine who were either financially unsuccessful, or expensive, or unsuccessful and expensive. Eventually the balance tilts into the red.
Increasingly, chart CD sales are now often sold through supermarkets. I don't know if the same holds in the US, but in the UK you pay 'tribute' to be on the supermarket shelves, even if you've charted. If your record label can't or won't buy your slot on the CD charts, your record is 'out of stock'. And there is absolutely no guarantee that paying for position in a supermarket equates to sales, because you are dealing with a very fickle buyer.
Yes, a lot of this comes down to content. And yet more comes down to the people who made grand claims about being hit makers and musical Svengali proving almost completely unfounded.
Very few independent stores report to Soundscan. Large chains yes (the few that are left). Indie stores no.
What I don't get is how they're not making a profit selling CDs when the manufacturing costs are like $0.25. Even with royalties, etc., record labels are still making a good profit.
I'm looking at a MAM-A contract now where they are charging $100 for Clover processing, $300 for Stamper and $2.90 /disc for a short run of 5000
JVC charges even more!
But major labels don't do 5000 runs.
So in essence, one could argue we are being a fed a crock about how bad the decline is if indie stores don't report. Many of the CDs I purchase
are from small indie e-tailers.
The punch line? The country fans are too stupid work their computers LOL.
Hey, now.....some of us Country fans simply like physical media.
Tom