I beleive an industry that has taken one of the biggest hits in media is the Compact Disk industry. It is no longer needed to hear the new 12 songs from your favorite artist. And the prices can never compare to the price of an online disk. I haven't bought a CD in years because I get all my music online so that I can put it in my Ipod. I wouldnt take 500 cds to the gym with me and workout. I just take my one IPOD and bam 500 songs at my convinience. I beleive in the next couple of years CD's will no longer exist and artist will just have there music available on ITUNES for purchase or other websites that might compete with ITUNES. As said in the article on money.cnn.com; But industry insiders and experts argue that the main culprit for the industry's massive decline was the growing popularity of digital music.
I know that this would kill the true fanatics! because they like to have the hard copy just to say they bought there Lady Gaga or Justin Bieber cd. But these poor individuals do not have a chance against the masses of people who have stopped buying CD's and rely on there IPODS to hear music. Now a days its easier to prove your loyalty to your artists by going on to itunes and purchasing the entire Gaga cd as well as more economical. This brings me to another reason why CD's have gone down is that I want a song when I want it and fast... driving to the store means getting stuck in traffic and taking the risk that the CD is sold out. So people would much rather just log on at there house and press buy, and instantly your songs are delivered to you.
What do you guys think about CD's do you still buy them and where can you buy them???? like it says in this excerpt from a blog that I read; the three remaining U.S. Virgin Megastores are shutting down or have shut down many record stores have gone bankrupt and there are very few chains that still exist.
Referenced Websites:
http://money.cnn.com/2010/02/02/news/companies/napster_music_industry/
http://www.towleroad.com/2009/04/music-news-whos-really-buying-cds-anymore.html
