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The Almighty Buck

Media Research Exec Says Music Industry Is On Its Last Legs 401

Ponca City, We Love You writes "For years, the major record labels have fought a pitched battle against the MP3 format. Although major labels like EMI and the Universal Music Group have embraced MP3s in recent months, a story from the Mercury News says early returns from those moves indicate they've had little impact on the industry's fortunes — for better or for worse. 'These are ailing businesses on their last legs,' said Eric Garland, chief executive of BigChampagne, a market research company focused on digital media. The question of copy protection on song downloads 'matters a whole lot less to them than it once did.' The industry has a bigger problem. Consumers used to buy CDs for $10 or $15 a pop. Increasingly, they're buying songs at about $1 apiece instead. So, even if transactions continue to increase, the industry is seeing far less money each time consumers buy and it's having a difficult time making up the difference."

Immaturity Level Rising in Adults 862

Ant writes to tell us that a Discovery News article is exploring the old adage, "like a kid at heart", which may be closer to the truth than we would like to admit. New research is showing that grown-ups are more immature than ever. From the article: "Specifically, it seems a growing number of people are retaining the behaviors and attitudes associated with youth. As a consequence, many older people simply never achieve mental adulthood, according to a leading expert on evolutionary psychiatry."

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