Originally posted by rburgoss
Look at the music industry. 30 years ago, the CD literally killed the LP record. Of course, you can still find some LP's, but at what price and with extremely reduced variety. Now, the CD is being killed by the "download" with tools like Itunes or such. Of course, there are still plenty of CD's available, but the big chunk of the business is flocking towards the "download". Have in mind that this also changed how people purchased music. With the CD, you bought it because you liked 2 or 3 songs out of a dozen in the CD... now, you buy ONLY the song you want. In other words, with the CD, even the bad (not so good) music got sold. Today, if its not good, it won't sell at all. Period!.
I think it safe to say you and I live in two very different markets for music. Here, in Austin, TX, and in most big cities in the US,
Europe and Japan, at least, LPs never got killed by CDs. They certainly receded into a product of much lesser demand but
they were never eliminated. The resurgence I mentioned is also very much alive, though it's being produced by a VERY different
source than it was before the introduction of the CD. Big labels are out of the LP business for the most part but in their place
there are thousands and thousands of micro, (100 copy production runs), to small (100,000 copy production run) labels
putting out music on LP right now. Yes, LPs have now become a premium product and does cost more, comparatively, than
it used to, but it's also being pressed on better quality vinyl and probably sounds better than ever before. The variety has, if
anything, increased even if total volume has decreased over vinyl's peak in the early eighties. 20 years ago there were
several dozen record shops in Austin. 10 years ago all but 4 or 5 had closed. Today there are at least a dozen and all are
doing brisk business in vinyl. (*)
The internet devastated the entrenched big label monopolies of the music industry. In its wake has been a true revolution
for music as thousands and thousands of small labels are all now on a level playing field with those giants and even
independent musicians can get there music 'out there' with relative ease. There is more good music, and bad, to be had
and heard, at lesser cost and across a broader spectrum of mediums than ever before.
I see a similar phenomenon happening with film. Seems a vast majority were willing to toss away their film gear and
go digital, only for a sizable minority to later decide they missed the format. Virtually all the big film producers are out
of the game or have greatly reduced production, but new players are producing film to satisfy that demand. I know, apples
and oranges, and it's still early days for the film revival but I do think if there is demand someone will supply. We are
consumers and manufactures adore us for that.
(*) Curiously, there is also a resurgent interest in the audio cassette, just about the worst mass medium to ever be used
for music. It's as if a bunch of 20 year olds all decided it would be hip to starting shooting the 110 film their parents used.
---------- Post added 11-06-2014 at 01:10 PM ----------
Originally posted by Blue Pentax will be out of business in 5 years. I have this on a good source. The manager of a Wolf Camera in Chattanooga, TN told me this in 1989. I would get an update from him, but his store closed about 20 years ago.
:sarcasm:
I would double like that if I could.