The Future of Recorded Music - Part 5 Page 5

2000 thru 2003

0607_futuremusic_2000... DVD-Audio (24 bits, 96 kHz), which becomes engaged with SACD in a barely perceptible format war.

0607_futuremusic_2000CD sales in the U.S. peak at 942.5 million units. (The LP is at 2.2 million, just in case you still care.) P.S., Napster usage is raging at the same time.

0607_futuremusic_2001Napster is shut down after being assaulted by court injunctions and record-industry lawsuits. (Hey, just ask Metallica: Funding fine-art art collections ain't cheap!)

0607_futuremusic_2001Apple introduces the iPod. Uh-oh.

0607_futuremusic_2002The price of the average CD climbs to $17.03 - just like when it debuted.... Hey, wait a minute!

0607_futuremusic_2002Scandal! The five largest music companies and three of America's biggest music retailers must fork over roughly $140 million in cash and CDs to settle a price-fixing lawsuit waged by 41 states. Turns out CD prices had been artificially inflated from 1995 to 2000. The moral here? Keep your receipts, people!

0607_futuremusic_2003The DualDisc - complete with a fake-CD side (too thin for the standard) - is introduced. Again, few notice.

0607_futuremusic_2003Downloads across the remaining file-sharing sites reach roughly 3 billion a month.

0607_futuremusic_2003Apple launches the online iTunes Music Store, selling music from major and indie labels cheap - 99¢ for singles, $9.99 for albums.

2004 thru 2006

X