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Time – Defining Wealth
The story “Music CD- I’m just not that into you any more” that headlines today’s show offers one of the most common sense explainations of the music industry’s woes that’s come along in a long time.
The premise is that, in our long term quest to entertain and amuse ourselves, the limit is available and discretionary time. Music CD’s enjoyed a long and profitable run, but are quickly being superseded by the “next big thing”.
Considering the demands that have been placed on most with lengthening commutes – and the variety of media that are readily available (and substitutable in many cases), it is no wonder that any one physical media or delivery mode might gain or lose market share.
DVD players, Broadband content, Cable Pay-Per-View and satellite radio all are in constant competition for attention and the share of discretionary time.
Sounds about right to me. The loss of the LP artwork and the local nature of broadcast radio signaled big changes in those delivery channels. CD audio is about to follow the same trajectory.
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