Warner Loses Big(ger)

Deadline.com reports Warner Music losses are steepening and that digital downloads aren't offsetting the loss engendered by slumping CD sales. Maybe that rumor earlier about the big music companies ditching CDs entirely isn't off the mark: at this rate they could save themselves some pretty solid coin by going to digital-only and burn-on-demand as their major revenue streams. (Funny to imagine the ubiquitous manufactured CD becoming a boutique format like 180 gram vinyl…)

- Serdar

  • http://www.stevensavage.com/ Steven Savage

    There’s a real irony in that the companies could save money by switching modes as you note – but also note that’s still going to shake things up.
    Right now I think a lot of people see “changing to adapt” as “I make less obscene amounts of money” so as opposed to evolving they’re trying to find ways to keep the gravy train going. The changes may even be GOOD for them, but they’re afraid of change.