Glenn Reynolds on falling CD sales:
The music industry blames piracy, but other factors -- from the ability to just buy the songs you like, and not a CD full of filler, to competition from other things like games and the Internet, to the fact that releases tend to suck more than they used to -- seem more significant.
I brought this topic up the other day, and I think I had it right then - the business is moving back to a singles model. The "album oriented" period is coming to an end, and it's a painful adjustment - for studios and for artists.
This doesn't mean that the album will go away; but it does mean that album sales will no longer be the driver for the industry.
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CD, singles, albums