Sun, Feb 23, 2003 - Page 11 News List

Twilight of the CD era may be near

WAY OF THE 8-TRACK Analysts say that selling music online is the future. But they say it will take two years for companies to devise a plan that makes financial sense

NY TIMES NEWS SERVICE , LOS ANGELES

"I think the biggest problem is, the industry doesn't know how to get started and take steps where you get an incremental gain," said Phil Leigh, a digital-media analyst at Raymond James & Associates in Tampa, Florida.

"If compact disc sales continue to drop and there is no increase in online sales, then artists will be mad and your bosses are mad, too. There is an old expression that pioneers are the ones with arrows in their backs. The one thing executives don't get paid for is rocking the boat."

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