Add CDs to endangered species list
Forget the bald eagle, add compact discs to the endangered species list. According to a post by Metal Sucks’ Vince Neilstein, CD sales are not only slumping beyond belief, but are also facing their last stand in the world. The retail colossus that is Wal-Mart is currently selling most their CD catalog for $10 or less. Fresh titles available at Wal-Mart are expected to make a giant impact on the music industry.
“I think this will have the most impact on the music industry this year,” said David Pakman, chief executive of eMusic, during a discussion at MusEXPO in Los Angeles on Monday.
Wal-Mart expects a giant windfall from the CD sales, but with the rise of digital music, there’s a snowball’s chance in hell CD’s will still make the huge impact Generation X music fans made them back in the 90’s.
The demands are more than just a competitive pricing play for Wal-Mart. Instead, they appear to be part of a broader category decision by the discount giant. And, at higher prices, the pre-recorded CD category may simply be too expensive for the Wal-Mart demographic - and therefore, unworthy of shelf space.
If Wal-Mart can’t even sell the plastic squares, the hammer and nails in the coffin will fall shortly, quietly and painlessly.














Unless record labels have plans to start putting out lossless files on ITunes, I don’t see the CD dying anytime soon. Not while 90% of online music sales are for compressed, lossy mp3 files.
Does this include WalMart Canada
?
I’ll always download and then buy vinyl (I’d rather have vinyl but I need something for my car).
I’ll always buy CD’s
Apr 30th, 2008 at 10:48 am
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