At the retail level, prices for CDs have
been coming down. This year, Universal
brought its JumpStart price reduction
program to Canada, reducing the whole
sale price of CDs by up to 32%. The plan,
launched last year in the United States,
began a general trend of price reduction
that is said to have contributed to a
recovery in the American market ahead
of many forecasts.
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In addition, it's probably just a matter of
time before Canadians tap into the market
for the latest and most improbable music
format, the cellular phone ringtone. Surveys
show 18% of Canadian mobile phone
owners have downloaded ringtones to their
mobile; among respondents, 5% said they
would definitely buy master recording
ringtones should they become available,
while 25% would probably buy them.
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That a market still exists for music in
Canada, and for Canadian artists, is without
question. The challenge for the industry,
it seems, is how best to deliver music to
a new generation of consumer who would
rather point and click their way to listening
satisfaction.
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