In today's Straits Times, it is reported that the sales of music through the CD stores have plummeted from $60mio in 2003 to $36mio in 2006 due to Digital Age. Big CD retail stores are on a retreat.
Couple of years ago when CD-rom writer technology was first introduced, my friend was thinking of setting a chain of PC stations where you could choose your own songs and burn your own CD compilation. You may laugh at the idea now but back then, it was a logical idea to challenge the capital-intensive big CD retail stores. We decided against proceeding as we got a feel that songs, like any files, can be downloaded over internet.
That reality has long arrived.
Will the same or is the same happening now to book stores?
I am reading both paper-based printed books and PDF-formatted digital books on my handphone. One more medium - I am also listening to audio books.
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