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There's a big elephant in the corner of the music industry, but nobody wants to point out its presence.

The biggest problem with the music industry is that it is a cartel whose products are immune to normal price fluctuations related to supply and demand. The first record label that releases a first-rate CD with a price tag of $4.99 will run all of its competitors out of business.

Agreed on that one. CD's are far too expensive. Technology and cost of producing and manufacturing a CD have fallen astronomically in the past decade, yet they still retail for the same price. Sorry, no one is going to pay 16-20 bucks for a CD with one song on it they like anymore.. its not going to happen.

When record companies wake up to reality, then they will make some big bucks. Personally, now that digital music is out there, and isn't going into the bottle, what Record execs need to do is change their model to make money from their marketing of the star/performer in a way other than sale of the CD/record. Lets face it, average joe performer gets DIDDLY from the record, they make their cash on tour. The CD is where the music company makes their incredible cut.

So really the label is the "MARKETER" at least from an artists perspective. So why not focus on marketing and away from product? You have the greatest marketing tool at your fingertips, FREE DISTRIBUTION OF MATERIAL, and you can't get out of your old mode to use it! Idiotic. Albumn production is minimal, unless you have some big star where you spend fortunes in arrangments etc, but in general its not insane.