2006 a Lousy Year for Studios and Labels
Wired EIC Chris Anderson notes that 2006 was a lousy year for Hollywood and major record labels.
Hollywood didn’t have a blockbuster 2006. In terms of tickets sold, it was up just 1% from the dismal 2005 (corrected for population expansion, that’s no growth at all), and still dramatically down from 2002-2004, which were the last good years before the DVD/home theater boom fragmented the audience even more than VHS had before.
Here’s my favorite, the precipitous decline in gold, platinum, multiplatinum albums (that’s 500,000, 1,000,00 and 1-10 million units sold). According to the RIAA’s database, just 285 albums were awarded one of those certifications in 2006, the lowest figure in 23 years.
Let’s hope they have an even worse year in 2007. In fact, let’s hope they have their last year soon. It’s about time they joined Tower Records in the dustbin of history. It’s about time we took the conversation back from these greedy entertainment execs.
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hehe… 1999, the year of their fall down. The year when their industries started to fall.
We talk about this when someone opens it up. Just locally, what kind of singers, bands, and other groups do we have today? We haven’t heard new people who will replaced Jano Gibbs and Ogie Alcasid for example. People who will replace Martin Nievera, Ryan Cayabyab, Jose Mari Chan… today’s generation are far from yesterday’s generation.
Same with Hollywood, they used up all styles, techniques, plots, storylines, the people will love, now when they think of a new movie, it just becomes some other movie.
There are many good writers out there, but these money-eater companies do not want them just because they haven’t proven themselves. Plain BS in my opinion. They are creating their own demise by limiting their sources to people who proved themselves. Like hello, how can you and me prove that we can be at par with the hollywood writers if we don’t have money like them?
Pretty dumb of these companies.
Oh, they will die. I can’t wait to hear the news. It is time that the power be returned to the people.