Wednesday, March 28, 2007

Slate: Long Live the CD!

The market is way too pessimistic about the music industry. After recent news broke out about the demise of the music industry, shares of Handleman is once again trading near its 5-year low of $6.50. I for one do not agree with the view that the CD is dead and have written at length about it in a previous post.

Daniel Gross from wrote about the future of CD's yesterday. Aptly titled The CD is Dead! LONG LIVE THE CD! Gross gave a balanced and realistic view on the CD as a commercial product. "Is the CD dying as a commercial product? Sure. But it's got a lot of dying left to do," Gross concludes.

For your entertainment, here are the most recent discussions on this issue:

CDs are not dead -- yet [from Encore]

Are CDs Obsolete because of iTune? [from Yahoo! Answers]

Music's New Gatekeeper [from The Wall Street Journal]

As CD Sales Drop, Pirates Continue to Board Music Industry's Ship [from 24/7 Wall St.]

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