My plan was actually to just copy the graph to this blog and refer to some of they conclusions in the related document.
However, I was not sure whether the numbers were adjusted for inflation so I did some searching on internet and found this chart.
Both charts uses the same input, but the second has adjusted the chart to the inflation and to population (showing turnover per capita).
So what can I say? I certainly think that the second graph is more relevant. It sure seems to show that the music industry is in serious problems. It also shows clearly why the music industry was against cassettes.
So, does that mean that the right thing would have been to forbid the cassettes?
Actually, the music industry innovated them self out of the "cassette-crisis". Why have they decided that we now have reached to peak of innovation?
On the other hand.... Why should a certain product be guaranteed the income level, increased by inflation?The operators could easily produce a similar chart showing that Skype "has stolen" a lot of their traffic. And it would be true... Still, they are earning more money than ever, thanks to new products (think SMS, IPTV, mobile data, etc... results of innovation).
The model of "just keep doing the same" SHOULD, by definition, be deemed to failure in an evolving world.
As a last note, it is interesting to see the chart on "estimated concert ticket sales in North America".
So concert income has increased with 4 bn USD (probably not adjusted by inflation). Not bad.
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