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Music industry makes more each year

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11–19 of 19 posts

Re: Music industry makes more each year

#12
post #5

Anytime I see this kinds of numbers, the first thing I think about is - What about inflation? Sadly, without proper information about what these numbers represent, and without accounting for inflation, there is no easy way to compare them.

I think this could be interpreted as missing the bigger picture. That is, that with all the upheaval in the business, the music industry is not hurting economically.

Re: Music industry makes more each year

#13
post #5

Anytime I see this kinds of numbers, the first thing I think about is - What about inflation? Sadly, without proper information about what these numbers represent, and without accounting for inflation, there is no easy way to compare them.

The overall economy is just as important as inflation. If the music industry outperforms other industries, even in a year-over-year decline, they can be seen as doing well.

Re: Music industry makes more each year

#14

The clear implication being that there is really no loss from piracy. While this point could be argued, these numbers show nothing. First off, we don't know how much money would have been made had there been no piracy - that is, the music industry might have made even more money every year. The other issue is that while the music industry's worldwide revenues have increased, recorded music revenues have actually decr…

Copyright exists to satisfy (is justified by) consumers greed for content.

So losses from people sharing music are important if they affect the ability, and desire of content producers.

Re: Music industry makes more each year

#15
post #5

Anytime I see this kinds of numbers, the first thing I think about is - What about inflation? Sadly, without proper information about what these numbers represent, and without accounting for inflation, there is no easy way to compare them.

In the area of music, digital technology introduces a lot of deflation in the costs of both production and distribution.

Over this period, how big is inflation relative to noise?

Re: Music industry makes more each year

#16
to me the numbers show that album sales are down because of an unbelievable change in the way that people buy music today as compared to 15 years ago. Buying a single song has replaced buying an album. The RIAA is claiming that album sales are down like 90 percent. DUH... but that's not due to piracy, it's due to itunes raking in 9 billion dollars for the music industry. If the itunes downloads were the 10 dollars or more that an album costs..... well you can do the math. So downloading may be killing the record labels, but it's the LEGITIMATE downloading of songs.

If you think about it, apple takes HALF of the price of a download, so that's 18 BILLION downloads last year alone.

Re: Music industry makes more each year

#17
post #6
post #5

Anytime I see this kinds of numbers, the first thing I think about is - What about inflation? Sadly, without proper information about what these numbers represent, and without accounting for inflation, there is no easy way to compare them.

I am sad to see you downvoted because you are right. Wikipedia says 1.4% for 2010 in the USA http://en.wikipedia.org/wiki/List_of_countries_by_inflation_... I'd call quite significant and an important factor if you compare money over time.

I'm not sure, but is there anything to the fact that the people buying music experienced the same inflation?

Re: Music industry makes more each year

#18
post #14

The clear implication being that there is really no loss from piracy. While this point could be argued, these numbers show nothing. First off, we don't know how much money would have been made had there been no piracy - that is, the music industry might have made even more money every year. The other issue is that while the music industry's worldwide revenues have increased, recorded music revenues have actually decr…

Copyright exists to satisfy (is justified by) consumers greed for content. So losses from people sharing music are important if they affect the ability, and desire of content producers.

I don't believe anyone disputes that. The debate is more likely about how you define those losses and who is actually to blame for them.

Re: Music industry makes more each year

#19
post #15
post #5

Anytime I see this kinds of numbers, the first thing I think about is - What about inflation? Sadly, without proper information about what these numbers represent, and without accounting for inflation, there is no easy way to compare them.

In the area of music, digital technology introduces a lot of deflation in the costs of both production and distribution. Over this period, how big is inflation relative to noise?

Well, as soon as you're talking about trends, you're implicitly disregarding/smoothing the noise. Over the long term, trends are what matters, and inflation is a pretty consistent, not entirely insignificant trend.
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