Friday, June 01, 2007

Digital Age and changing business models

the enchanting blue

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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