Skip to main content

U.S. Music Industry Woes are Self Inflicted

While 80 percent of U.S. music listeners think free music downloading is stealing, 92 percent say they never do it, and only a third believe illegal downloading and copying of music is the cause of a decline in music sales over the last five years, according to an Ipsos Public Affairs survey conducted on behalf of the Associated Press and Rolling Stone.

Seventy-four percent of those asked said that CDs are too expensive, and 58 percent said music in general is "getting worse." The view that the music industry is more to blame for its own woes than consumers was also reflected in the survey, when 63 percent attributed the decline in music sales over the past five years to competition from other media, a decline in new music quality, or because CDs are too expensive, compared with 33 percent who said the decline is due to people making illegal copies of music.

The survey also found that 15 percent said they had paid to download a song from a paid service like iTunes, or downloaded a free promotional song, while 85 percent reported never having downloaded a song at all. The poll of 1,000 U.S. residents conducted Jan. 23-25 has a margin of error of plus or minus 3 percent.

Popular posts from this blog

How to Capitalize on New AI-Driven APIs

The rapid evolution of the enterprise software landscape is amazing. One of the most significant trends I've observed is the surging demand for Application Programming Interfaces (APIs) driven by the rise of Artificial Intelligence (AI) and Large Language Models (LLMs). According to the latest market study by Gartner, more than 30 percent of the increase in API demand will come from AI and LLM-powered tools by 2026. This illustrates the transformative impact these technologies are poised to have on leaders who innovate. The Gartner study paints a clear picture of the forces at play. Technology Service Providers (TSPs) are leading the charge in adopting Generative AI (GenAI), with 83 percent of the 459 TSPs surveyed reporting that they have already deployed or are piloting these capabilities within their organizations. GenAI API Market Development As TSPs help large enterprise customers integrate GenAI into their offerings, the demand for APIs to power these AI-enabled solutions wi