Blog

File trading is only one of the recording companies’ problems. “Among the problems they cited were the consolidation of radio stations, making it harder to expose new bands and records, and the lack of a widely popular musical trend like teen-pop, which relied on stars like Britney Spears and `N Sync to drive young people to record stores. They also blamed a poor economy and competition for the limited time and money of teenagers and young adults, their main customers, who often find that they prefer buying DVD’s, video games, sneakers and more. Indeed, thousands of music retail stores have closed recently, and the ones that are still open have given shelf space to competing products, like DVD’s and video games.”

Prosecuting file traders isn’t likely to win recording companies many fans. “Some music industry analysts and file-trading fans question whether the strategy will do much to further the RIAA’s goal of boosting legitimate music sales. If you’re trying to instill fear, you may have success. But if you’re trying to increase CD sales by getting people to stop sharing music, I don’t think it will have any effect at all.”

The Mercury Prize was “conceived in the early 1990s by Jon Webster, then MD of Virgin Records, who envisaged it as ‘the Booker Prize of the music industry’. It would be independent of both the record companies and the music retailers, but endorsed by both. Its serious image would encourage ageing music fans to explore new albums as well as buying CD copies of their old vinyl favourites. And it would promote modern music as ‘art’. But it’s the sheer unpredictability of the Mercury that makes it so charming. Don’t ever believe anyone who says they know who is or isn’t going to win. And has it achieved its original objectives?”