Tough times for Sony, Warner
p2pnet news view | P2P | Music:- “Yes, it was a difficult quarter for the industry again, not unlike we saw on the DVD side, less traffic to stores, more pressure on consumer spending.”
“I think the big level concern on the digital side was the fact that digital growth did slow a bit.”
“I think that right now for the next year we don`t see it [digital] making up the difference in the physical business.”
“[...] there`s a pretty strong level of new releases (for Sony Music) that we`re excited about. But, it is tough slogging out there.”
All four quotes, from Rob Wiesenthal, executive vice president and CFO of Sony Corp of America, come in a Pali Research report, which goes on:
“After posting mid-single digit declines in the first 9 months of 2008 (physical and digital combined), music industry sales fell off a cliff in calendar 4Q08 with CD sales down 25% and overall sales down an estimated 15% Y/Y.”
Not only but also, “We would continue to stay away from WMG, as the music industry continues to struggle,” Pali warns.
Pali Research – Sony Says Digital Music Growth Will Not Offset CD Declines in 2009, January 30, 2009
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February 2nd, 2009 at 3:43 pm
what did they all say 9 billion or more an INCREASE over last year
and tough times eh?
WHAT A CROCK A …/me goes to watch the penis song
February 2nd, 2009 at 4:37 pm
Tough times are ahead for everybody. If these pigopolists can’t offer what we want and treat their customers with respect when it comes to digital delivery then I’m pretty sure that there will be plenty of individuals that can offer just what they can’t.
I hope they burn their own house to the ground while the rest of us are trying to not starve or be made destitute.
February 2nd, 2009 at 7:31 pm
The fallacy of stock issuers is that stock markets measure their expansion rate as part of the yardstick. It’s not what you did yesterday, how good a year you had last year. It’s what you did today.
$30 dollar blu-ray discs aren’t going to sell good when customers don’t see value in it. They can after all buy the same movie in most cases for $10 less as dvd. If they don’t just have to have the latest greatest, which household budgets determine, then waiting a few years will bring that price right on down to something reasonable.
I don’t have a blu-ray player. I have no intention of buying one. I wouldn’t want Sony’s little dirty deal of bribing the movie houses to ensure blu-ray was the defacto standard to benefit them from my pocket.
After the rootkit scandal, after having to deal with Sony’s poor warranty policies on their hardware; at present you can’t get me to buy anything with the word Sony on it. It’s personal and will remain so for life. You get screwed once, you don’t return for a second screwing.
Sony has ensured I will never, ever, buy anything from them again. Not by knowledge at any rate. You treat your customers like dirt, they go elsewhere. Something the movie and music majors have yet to learn.
February 2nd, 2009 at 10:53 pm
I have no symathy for WMG, they had several of my videos pulled off Gootube, claiming copyright infringement, when the property is not even theirs! Screw ‘em. and as for Sony, be careful, you may be next!
February 3rd, 2009 at 5:20 pm
Nice