And so it begins. Bob Lefstez, who, may be rather over opinionated at times (but that is exactly why I enjoy him) predicted last year that 2007 is to be the year of the CD meltdown; that we have seen nothing yet in terms of the collapse of CD
I like Bob’s emails, and look forward to them. He says things that no-one seems to be willing to say, the obvious things that are not necessarily politically correct in an industry based, as often as not, around yes-men, cronyism and hype.
And as often as not he’s right.
As I read Bob I find myself nodding my head. Not all the time mind….he was wrong to criticise Patti Smith’s inauguration into the Rock’n’Roll Hall of Fame. He rather misses the point, I think. Patti and Joni Mitchell were absolutely crucial in pushing open the door for intelligent female composers in popular music. Smith may have only have had one hit, but that is rather beside the point. The hall, if it is to have any value (which is utterly debateable anyway)has to be about more than hit records. And, Bob, Alice Cooper may’ve had a worthy hit or two, but he didn’t “invent” (if there is any such thing) glam rock….the credit for that has to go to a bunch of purveyors of sequins from across the other side of the
I did get a smile though from the bunch of Americans rabbiting on about Rush. My lord, the nation that foisted REO Speedwagon and Asia on us still doesn’t get it, do they….then again, as Graham Reid muses, perhaps prog is back…god help us all. I feel a generation gap roaring down the track towards me. Some things are simply wrong and the passing of years does nothing to change that…
But back to CD
The first two weeks of 2007 have seen a massive 14% drop over the same period. A third or fourth week pickup may slow this but if the 14% drop over the 6% drop is any rough indication of trends, then….well, when does the slowdown in
The number one single in the
The number one album in the
And it’s global, as anyone in either the Australian or
But its scarily indicative of the obvious trend and it doesn’t take long before steady declines of the sort we are seeing move beyond the simply dire into serious retrenchment beyond the sorts provided by continuous merging, not least of which must be a withdrawal from smaller markets.
On a plus…the new LCD Soundsystem album, due out in March I think…is an absolute killer….watch EMI do nothing with it….