February 28, 2007
Music executives lament state of industry
Apple, digital rights management (DRM) and the public's willingness to pirate music were discussed, debated and lamented once more by attendees of the Digital Music Forum East conference, reports News.com.
"We're running out of time," Ted Cohen, managing director of music consulting firm TAG Strategic, told the roughly 200 attendees. "We need to get money flowing from consumers and get them used to paying for music again."
The call to arms by Cohen, who was moderating a panel discussion titled "The State of the Digital Union," comes as the music industry suffers through one of the worst slumps in its history.
CD sales fell 23 percent worldwide between 2000 and 2006. Legal sales of digital songs aren't making up the difference either. Last year saw a 131 percent jump in digital sales, but overall the industry still saw about a 4 percent decline in revenue."
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