A Music Industry Powerpoint Presentation from August, 2005…

This is a keynote presentation delivered by the Recording Industry Association of America (RIAA) in August, 2005, which represents the major recording labels.  It was delivered at the annual NARM (National Association of Recording Merchandisers) conference, attended by major label and traditional retail executives.

14 Responses

    • Wooly

      Much easier to say in hindsight. It would be interesting to take a snapshot during that same period of the mindset that you, and others, had about things.

      Reply
  1. superduper

    2005 in my opinion is a turning point in terms of technology. It was the only time where the CD, the digital download, the cassette, and (in terms of videos), VHS and DVD were still active. Yet things were starting to change: Tower Records closed in 2005. VHS and cassette were also starting to fade. Even the CD started to fade. 2005 is actually quite an interesting year if you think about it. I myself find the mid-2000s fascinating and revisiting this is quite an interesting perspective into how much the music industry changed. It’s kind of sad though; I feel like I’m trapped in a time where the real world value of music is diminished and I wish I could revisit this time period myself (I was quite young in the early 2000s).

    Reply
    • Willis

      I think that year was 1999-2000, actually. Without embracing new P2P tech, the music industry missed out on opportunity, which then worked against it. From that point forward, we saw talking heads who had no real idea of what the future held, and didn’t have the fortitude to cut a path. We are where we are because people in this industry are more about themselves and their ego, than the industry.

      Reply
      • wallow-T

        “Without embracing new P2P tech, the music industry missed out on opportunity, which then worked against it. “ The “music industry” would not have been capable of embracing file sharing in 2000, because the industry could not tell its NARM retail partners — the source of nearly all income — that the industry planned to kill physical retail by embracing file sharing. It was simply politically (and economically) impossible.

        An unavoidable Greek tragedy, perhaps?

        Reply
        • Willis

          Actually, there were several labels that did dip their toes into P2P. There was a plan for parallel digital and physical product, but the industry was too full of itself and complacent.

          Reply
  2. Musicservices4less

    This is a great example of how the record merchandisers of america and it CEO at the time were absolutely clueless as to where their own industry was headed. They had no idea that within ten years their key user of music say, 12 – 25 years old, would have pretty much no ability to even play a CD. Try to put a CD in your phone our fairly new computer. Duhh

    Reply
    • DeeR

      Arrgh….I lived through this ignorant muck once, being reminded replays the nightmare of my time in the big corporate muzak biz. It would be funny if it was in The Onion, but these geniuses really thought the answer to the :problem” was DualDisk and Kiosks. SO glad to be in a different world today.

      Reply
  3. Pride Goeth

    DualDisc! Kiosks! Copy-protected CDs! Let’s get the ISPs on side! Let’s educate the public!

    Yeah … that’s the ticket. Go get ’em, boys.

    Reply
  4. superduper

    I think that instead of DualDiscs, they should have started to figure out how to better monetize the SACD rather than any of these other trivial technologies.

    Reply

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