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New I disagree
People still buy. Lots of people. Enough to make the labels very rich. IF they would do it in a way that the customer wants.

CD singles, priced in the 2-3 dollar range would sell huge. CDs would sell huge if priced more in line with the 10-12 max range available at iTunes.

The labels have priced themselves out of the market..and then cried poverty when the consumer turned to the net...where the labels forced them to go.

Music sharing is nothing new. I'd bet its not even any more prevalent now that it was pre-cd technology when we were out making cassettes from the albums our friends bought.

The problem now is 1) new music offered by the labels, in general, just plain sucks 2)they offer it at $18-20 for a full disk worth of garbage to get the one or 2 tracks you want and 3)they've introduced the uncertainty now, with Sony's venture into DRM, that you might not be able to play your music once you pay for the disk.

Add to the above the dearth of real radio to be used as advertisement for the crap they're trying to sell...and you've got an industry in crisis. A crisis they brought upon themselves and seem compelled to not fix.

Introduce Garage Band to the mix...and the fact that now, for the cost of 1 hour of real studio time I can now build a digital recording setup that will rival anything they can offer (aside from a good producer)...and you have the big entertainment groups looking at real trouble in a few years.
Too much of today's music is fashionable crap dressed as artistry.Adrian Belew
New The thing is
why would a musician want to make a label rich when he/she/they can now easily grasp all the tools for themselves and keep all that loot in-house instead of having to deal with arrogant AR guys who try to screw you out of about 9/10ths of the money while they tell you what to do on the record?

I think Loreena McKennit is an excellent model of what can be done very very easily now with the incredibly cheap tools that are available to anyone with a couple of hundred bucks plus the ability to market oneself globally for a pittance.

In case I wasn't clear, the middle man who is to be screwed is the record company. They could have been in on the bonanza, but that would have required them to give up their illusions of control and relevance, and there are few illusions that are dearer to people in power than those ones.
New And good riddance to bad rubbish!
jb4
"It's hard for me, you know, living in this beautiful White House, to give you a firsthand assessment."
George W. Bush, when asked if he believed Iraq was in a state of civil war (Newsweek, 26 Feb 07)
     Digital Wrongs. - (folkert) - (33)
         funny I have spent more money on music in - (boxley) - (32)
             I am one of those soured customers - (bepatient) - (31)
                 OT what did you think of the subject of my emails - (boxley) - (1)
                     cda files didn't come - (bepatient)
                 Re: I am one of those soured customers - (jake123) - (3)
                     I disagree - (bepatient) - (2)
                         The thing is - (jake123)
                         And good riddance to bad rubbish! -NT - (jb4)
                 Re: I am one of those soured customers - (andread) - (10)
                     Convienience, I'll bet. -NT - (Another Scott) - (9)
                         ???? -NT - (andread) - (8)
                             It takes time to burn one's own MP3s. -NT - (Another Scott) - (7)
                                 Yes and No - (andread) - (6)
                                     He's got 2000 albums... -NT - (Another Scott) - (5)
                                         Vinyl is a PITA to rip -NT - (bepatient) - (4)
                                             true -NT - (andread)
                                             Amen! - (jb4)
                                             There are some new "really good" USB Turntables being - (folkert) - (1)
                                                 My sister has an ION - (bepatient)
                 Uhhh, BeeP? Those vinyl disks were 12" in diameter... - (jb4) - (13)
                     Oh really? - (bepatient) - (5)
                         EPs don't count. - (jb4) - (4)
                             Its called a "single". - (bepatient) - (2)
                                 OK, so I'm eyeball-measurement-challenged - (jb4) - (1)
                                     Besides, all mine had bigger holes! -NT - (jb4)
                             dupe -NT - (bepatient)
                     *cough* I have several 10" LPs from 'the day'. -NT - (Ashton) - (6)
                         And what day was that? - (jb4) - (5)
                             Nope, I once had a couple 10" LPs. - (Andrew Grygus) - (4)
                                 Whose? - (jb4) - (1)
                                     They were classical. - (Andrew Grygus)
                                 Right - 10" mostly classical - (Ashton)
                                 UK Indie scene used to put out 10 inchers, too - (pwhysall)

I am Xatptipltical, Frog God of Crap!
357 ms