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ExtraTorrent.cc > Articles > Music Industry Has Been Suffering Since 1980

Music Industry Has Been Suffering Since 1980

Music Industry Has Been Suffering Since 1980

Added: Monday, October 25th, 2010
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
The old report from 1980 proves that the music industry has been falsely complaining all these years that it was completely dying. At the time the industry blamed home taping, FM radio, and physical piracy for decreasing profits and massive job layoffs.


A video from the depths of 1980, a 20/20 report on the music industry that was made almost 30 years ago, features Joe Smith, President for Elektra-Asylum records, who ironically lamented the increasing profit losses and massive job layoffs.

This is a very familiar refrain heard by everyone for over a decade to the point. The only difference is the threats. Back in 1980 Smith blamed “sensational equipment” of FM radio for making it possible to hear music without buying records. Besides, he mentioned home-taping, counterfeiting, and the failure of musicians to deliver their works on regular basis.

As you can see, he blames the musicians for woes of the record label. Besides, it’s clear that even back then the entertainment industry faced some kinds of obstacles, but still managed to improve its business model enough to be able to enjoy 20 years of rising profits. This gives us a hint that the industry is also able to solve the problems now, like any other business which doesn’t have a privilege to press the government to fix the troubles for them.

The 30-year-old video introduced the “new technology” aimed at keeping the music industry afloat – the video disc. This invention was part of an effort to attract the music fans back to record shops. Although everyone knows how it turned out, we at least realize that the industry tried, which is the most important point. However, the same can’t be said about it today.

The end of the video reveals the magic words: “future of music is music.” That was exactly what many independent observers and artists themselves have said. The industry has been around as long as humans have, while the recorded music can be considered as a very new invention. Although Mozart and Beethoven never sold any works, they yet made careers as musicians.

While record labels are struggling hardly, they remain a very distinct entity from the musicians whose music they help produce and distribute. Music industry is therefore a common business sometimes facing challenges to the current business model. It therefore is recommended to do the same as 3 decades ago, improving the model but not pushing the pro-copyright laws.

October 25th, 2010

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Date:  Monday, October 25th, 2010

Comments (2) (please add your comment »)

posted by (2010-10-25 16:56:59)
CaptCosmo avatarGreat read..... We don't need them, they need us. The Industry "upsets" us with their GREED and we are deserting in large numbers. I for one support the artists I enjoy. With things the way they are now I will continue to do everything I can to make sure the industry is bypassed. They have lost me forever! The noises we hear from people like Gene Simmons are the "Death Throws" of their failing business model. If anyone from this doomed industry is reading this, you should go and have sex with yourself now. You deserve it.......

posted by (2010-10-26 15:43:18)
geology_guy avatarEverybody and all your friends. Band together and stop buying music for 30 days to protest their tactics and greed! We can make them change or we can put them under. It is OUR power that keeps them in profit by our purchases!

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