Is the Technological Carnage Over for the Music Industry?

The last decade has been one of hideous transformation for the recording industry as it moved from controlling the market with high-margin physical product to an era where digital rules.  

With CD sales half of what they were ten years ago, there are some signs that this painful period may be coming to an end.  

Jeff Price, the ex-CEO of TuneCore, wrote a post called How Technology Destroyed the Traditional Muisc Industry.  That sounds awfully negative but he also explains why things are now starting to look up.  His says that the technological shift is nearly complete.

There is very little left to “disintermediate” or “disrupt.” The old system is in ruins, degrading a bit more each day. With all the new pieces in place, there will soon be little left of the Wayne’s World record executives pulling up in their white limos signing the artist to a contract requiring them to give up their rights and revenue so they can decide which artist gets to make a 5″ circular piece of plastic available for music fans to buy at Walmart.

It’s a long read but worth it.  Find the whole thing at Hypebot.