The CD Is Slowly Becoming Obsolete

EMI Music Chairman and Chief Executive Alain Levy Friday held a conference at the London Business School in which he claimed that the CD’s life expectancy is slowly shortening.

According to Marketwatch, the chairman went on to state that “The CD as it is right now is dead.” And that companies will no longer be able market CD’s without added material, whether it be extra tracks or multimedia.

Due to the increase in download sales record companies are looking to increase the allure of purchasing a CD by including extra material, similar to what Japan has been doing for years, to make up for the higher cost of albums.

Although CD sales have accounted for 70% of the total music sales for the first half of 2006, digital music sales have accounted for 11% spanning over $945 Million in profit according to the International Federation Of The Phonographic Industry. A slow but steady climb for the digital generation.

Levy went on to add “By the beginning of next year, none of our content will come without any additional content.”