Tucked into Time Canada's Arcade Fire piece:
As illegal online file sharing and CD copying translate into diminished sales, the big companies complain they have little extra cash to gamble on new artists.
That's a lot of wrongness packed into one sentence. One, no, sales aren't down, and two, if they were, there's not a lot of evidence that it's due to P2P. This is then followed one sentence later by:
Indiesí market share in Canada grew from just over 14% in 1999 to nearly 19% in 2003. It dipped a little last year, but thatís mainly because one of the majors, Universal Music Canada, stepped up its distribution of indie records, which means those sales arenít counted among the independents.
Gosh, if only I could figure out some other plausible explanation for why major record labels' sales might be dropping (if they were). If I think a little bit I'm sure it will come to me.Posted by Bill Stilwell at March 30, 2005 07:48 AM