Word: cd
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...Lincoln sedan has zoomed from event to event, Cianci has worked most of the way through a pack of Merit Ultralights while a half-finished glass of Scotch sits forgotten in the cup holder at his elbow and Steve Tyrell croons It Had to Be You on a CD...
...Goody. Hilary Rosen, the tough-talking president of the Recording Industry Association of America (R.I.A.A.) who led the legal charge against Napster, feels almost nostalgic about 2000, when file sharing was the sole problem. After all, only 11% of Napster users ever transferred their stash of tunes onto a CD; the rest kept them on a computer. Since piracy has gone portable--and local--it is perceived as more of a threat. "It used to matter whether there was some bad guy in a Chinese manufacturing plant sending out thousands of counterfeit copies," says Rosen. "Now people at home...
...tapes along with the claim that HOME TAPING IS KILLING MUSIC. If that was the case, then it was the compact disc, which really took off in the mid-'80s, that brought the music industry back to life. Sure, you could hook your cassette recorder up to a CD player, but you couldn't copy that wonderful hiss-and-squeak-free digital fidelity--not yet. So everyone had to buy the Beatles and Beach Boys all over again. Result: a 15-year-long sales boom...
...that party is over, and the guests are stampeding for the exits. For the first time in the format's history, CD sales are dropping globally, according to a tally released late last month. At the same time, companies such as Apple and Gateway are pushing the power of computers that help users create personalized mixed CDs. Consumers love these innovations, which give them what they want--easy access to favorite tunes anywhere they choose. They are clearly willing to pay for this convenience, as shown by the $1.6 billion they spent last year on CD burners, blank...
Consumers, it seems, can't get enough of ripping (that is, copying a CD to their computer's hard drive) and burning (creating a new CD from scratch). In the U.S., last year saw a whopping 90% rise in the number of owners of computers with a drive that burns CDs (called a CD-RW drive, short for recordable/writable). A third of all PCs have one; 54% of new computers come with one installed. Half of CD-burner owners, reports Forrester Research, create at least one disc a month. Blank CD-Rs (discs on which you can record only once...