The Recording Industry and Its Future

There was an article in the Times (thanks Matt) about the future of the recording industry.  The statement by the article about the amount of music that people are streaming instead of listening to online surprised me.  I guess, with Myspace, and how it allows people to stream music, I should not find this that surprising.  But, on the other hand, you can't listen to streamed music on an iPod.

What did not surprise me as much was how people hardly bought CDs anymore.  I've bought a few CDs this year, but then, I think only from bands that I saw perform in person.  I did this partially to support the band, because I figured I was cutting out middle men.

There are very few CDs that I've purchased (even from bands) where I've liked a lot of the songs on them.  The two that I can think of right now are a promotional CD that was put out by a Newfoundland supermarket chain to celebrate the 500th anniversary of John Cabot discovering Newfoundland and Heroes by Paul Overstreet.