How The Major Recording Business Is Dying

“We figure that the value of CD sales will be 50% less in three years than it is now. We predict digital growth of 25% per year, but it is not enough to replace the loss from falling CD sales. By 2010, we will be 30% behind in terms of revenues. We have to reinvent. We are running our businesses like it is 1982 … a model that is so out of date, it’s not true.”