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September 16, 2003
Someone Who Gets It
Michael Booth of the Denver Post gets it on why people are not buying CDs when he makes the following contrast between the movie industry and the music industry.
The best-selling "Chicago" movie soundtrack is available on CD starting at $13.86.The actual movie, with the soundtrack songs included, of course, plus additional goodies ranging from deleted musical numbers to the director's interview and a "making-of" feature, can be had for precisely $2.12 more.
Therein lies the problem for a critically wounded music recording industry: The "Chicago" CD looks like a rip-off, and the DVD looks like a steal.
Nearly everything the record companies have done wrong in the age of downloading has been done right by the movie studios.
America's love for movies is stronger than ever, while the nation listens to music with smoldering resentment.
While movie companies escort happy customers to newly-installed recliner stadium seats, the music companies escort their biggest fans straight to the courthouse. There is only so much time for entertainment in a busy day, and people will spend their leisure where they meet the path of least resistance.For every slight by the music world, there's a smarter parallel move by the cinema promoters:
Not until 20 years after the introduction of the CD in the United States did a record label announce across-the-board price cuts that acknowledged consumer anger at paying $19 for one decent Justin Timberlake song. Universal will now drop prices on many CDs to below $10, a breaking point many buyers seem to accept.
In contrast, the movie studios saw the threat from pay-per-view cable and satellite in 1997, when DVDs first arrived here, and slashed prices immediately. DVDs started between $19 and $24; today hundreds of great titles are available in the $10 range. With "Pirates of the Caribbean" still taking in great business in theaters, a two-disc DVD version will arrive before Christmas for $18.
Posted by Rich at 10:58 AM in Music | Permalink | Edit(Rich only)
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A very fine analysis of the difference between the music and movie industries, and how their approaches have led to... [Read More]
Tracked on Sep 16, 2003 1:25:05 PM
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