Just to be clear, I like much of the music today just as I like much of the music of yesterday. Part of the fun of the hobby is to find new music -- whether it's another great 50's jazz recording or Audio Slave. My comment on quality was referring to Sean's earlier astute observation that, for any artist of any time, it is more difficult to record 70 great minutes on cd than 40 great minutes on vinyl.
Regarding the relative cost of the product over time, that's not as easy as it seems. On the one hand, the $3 album in the 70's had at least a buck in pure product cost behind it (pressing and packaging vinyl is expensive). The cd costs less than a dime to physically produce (from all I've read). Considering that alone, the cd should cost about $10 today. But, nobody can just consider that alone. There are too many variables, such as recovering video costs, to draw an easy conclusion. What I have read is that the markups on cd's are very, very large. My personal belief is that illegal (and immoral IMO) widespread copying of intellectual property would be diminished if cd's cost less -- much less. Further, I believe that the increase in sales would compensate for the decrease in margins. If I'm wrong, then we're stuck where we are. If I'm right, this will all take care of itself as more companies start experimenting with price cuts.
Whatever happens, there will be great local studios who will record great artists. These artists might make more money if they could sell to those who illegally copy. But these artists will make some money from those who buy the cd's at their concerts. Support your favorite artists by watching them live and buying their music.
At the end of the day, I don't care if any of the major labels survive or not. That's up to them -- they can improve the pricing and they can improve the format. That should allow them to make it. If they don't, music might be more difficult to find in a retail store but it will be available via the net. Good and great musical artists will always survive and produce new wonders for us.
Lugnut, you are correct that two wrongs don't make a right. If the music industry powerhouses do find a way to block pirating through heavy handed approaches, that hurts us all. Plus, that reduces whatever limited pressures exist to lower prices. It does help to write your local senator or representative. I would urge all to do so.
