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Feb 04 - RIAA: CDs don't cost nearly enough

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  • Feb 04 - RIAA: CDs don't cost nearly enough

    The Recording Industry Association of America hasn't been making too many friends these days. I guess I should say that the organization does have many friends inside the music industry, because that's who makes up the the RIAA.

    I'm not here to argue whether it's right or wrong to download free music where it's available, or whether it's OK to listen to your friend's "Beach Boys Greatest Hits Album." I'm just here to point out what the RIAA wants you to believe about the cost of music and CDs.

    If you visit the Key Stats/Facts page on the RIAA website, you'll notice a justification for pricing CDs. The biggest argument appears to be the fact that the Consumer Price Index rose nearly 60 percent between 1983 and 1996, even though the price of a CD actually went down. While this might be a true statement, this is virtually worthless in determining how much a CD should cost.

    Let's examine this statement, directly from the website:If CD prices had risen at the same rate as consumer prices over this period, the average retail price of a CD in 1996 would have been $33.86 instead of $12.75.

    I know that the CPI has risen, but these numbers don't seem to translate properly. So I visited the Bureau of Labor Statistics Data site u>, which contains a CPI Inflation Calculator. Unfortunately, I needed the initial value (of a CD in 1983), instead of the theoretical value in 1996. Since I didn't have that, I just guessed until I came up with $33.86 in 1996. I finally found that value: $21.50.

    This means that the RIAA is claiming that the average cost of a CD in 1983 was $21.50. How many CDs have you purchased for more than $20?

    True, the CD was new technology at the time, and it's quite possible that the price, in some places, was more than $20. Where the RIAA deviates from basic technology knowledge, however, is that more often than not, the cost of producing something like a CD almost always goes down over time.

    What better example of electronics getting cheaper than taking a look at the history of the calculator. From the website listed above, Texas Instruments came out with a calculator in 1972 (TI-2500) that cost $119.95 (actually, the suggested retail price was $149.99). If we take a look at the CPI inflation calculator, using the calculator cost and a 13-year span, from 1972 to 1985 (the same time length the RIAA used), we see that the calculator should have cost about $308.77 in 1985.

    Maybe this isn't fair, considering the time periods are different. So I'll try $119.95 in 1983, and the value in 1996 is $188.96.

    How much do you think a calculator that could do only basic math functions (add, subtract, divide, multiply) was worth in 1996? By 1981, Texas Instruments had already developed a model that included more functionality for $19.99. Granted, the technology involving calculators and CDs are vastly different. My point is that when you are in the technology world, most of your products, with the same level of functionality, do not get more expensive.

    The CPI is useful for looking at the prices of raw material, grocery items, etc. Sorry RIAA, but buying a CD isn't like buying a bushel of Korn.

    http://www.whas11.com/news/woods/sto....44a095ba.html

  • #2
    don't they realize if prices go up, sales will come down, internet downloads will be booming?
    Twitter

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    • #3
      lol the RIAA really suck
      Turn up the system!

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      • #4
        hmmm, i hope terrorists get the riaa
        Buddhism is the shiiiiittttt

        When Buddha can't help, I ask , What would BARNEY STINSON do ?

        "When I get sad, I stop being sad, and be AWESOME instead. True story."

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        • #5
          Originally posted by john_the_drug View Post
          lol the RIAA really suck
          lol they really do

          And you know I had to gat ya
          Here is something you can't understand
          How I could just kill a man

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          • #6
            They should keep their fucking mouths shut and just start working on a new technology to get sales up. CDs are dead. If they didn't waste all this money talking shit, investigating, etc., there probably would be one by now.

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            • #7
              so after years of having board room meetings trying to solve the steadily decreasing sales of CDs, attempting to come up with innovative new ideas to get people interested in purchasing music again, they've finally come up with a solution:

              lets make the prices of CDs higher

              sounds like a plan to me!
              Check My New EP Diversify w. UK Producer Jay Dizla
              Canada + UK Revolutionary Underground Hip Hop
              Don't Sleep.

              ***
              LOST

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              • #8
                $10.49 > Anything the RIAA says
                RAJON RONDO = MOST UNDERRATED POINT GUARD IN PROFESSIONAL BASKETBALL

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                • #9
                  ^^^ Lol so true

                  The SHOULD come up with a way to stop CD's from being on the internet... not this crap.
                  Originally posted by Twitter
                  #tilasbox sucked the youth from Greg Oden's face
                  Currently Listening To:
                  Parabelle
                  Red
                  Escape Route
                  Music that has substance

                  If you're ignorant don't post after me.

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                  • #10
                    I usually get my cds for $9.99 at Best Buy the first week they are released. Sometimes if I don't wanna wait for the weekend I'll get them at the mall for like $15. They don't wanna raise prices.....It'd be suicide.
                    Vitamin Water, Ladies and Gentlemen...Vitamin Water.

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                    • #11
                      Originally posted by Dregs View Post
                      ^^^ Lol so true
                      The SHOULD come up with a way to stop CD's from being on the internet... not this crap.
                      How they gonna do that? i mean honestly???

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                      • #12
                        Hello RIAA, you've just won a lifetime's supply of shut the fuck up.
                        KING SHEAMUS

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                        • #13
                          What Idiots actually Run the RIAA? honestly ..Do they tihnk before they put out horribly ignorant statements like this.........Pretty soon nobody will be on there side and cds won't sell at all....Although probably in the next 10 years we will have a better form of listending to musci along with cds....Just like going from tapes to cds........THey need to be like other good companies and build a team of people to figure out what that next technology will be and figure outa way to make money liek that....

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