Report: Apple, Tesco to blame for music industry woes
Posted by Dennis Sellers 
Oct 19, 2007 at 5:39am
A new report suggests that Apple and Tesco, not P2P file sharers, should take the most blame for the woes of the British music industry, reports The Register.
The report, prepared privately by consultants Capgemini for the Value Recognition Strategy working group, set out to examine the “value gap”, the amount sound recordings revenue has fallen in the UK since 2004. The report remains confidential, but details are starting to emerge, says The Register.
The consultants suggest that “format changes” and price pressure from discounted CDs on sale in supermarkets, are most to blame for this “value gap.” Capgemini calculates that of £480m lost to the industry since 2004, £368m was the result of format changes: principally the unbundling of the CD into an “a la carte” selection of digital songs. Of the remainder, 18 per cent was lost to piracy.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
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