EMI's Alain Levy: 'The CD Is Dead'
October 27, 2006 at 3:45 PM (PT)
EMI MUSIC Chairman/CEO ALAIN LEVY told an audience at the LONDON BUSINESS SCHOOL that music companies won't be able to sell CDs without offering "value-added" material, according to MARKETWATCH.COM. "The CD as it is right now is dead," said LEVY, who noted that 60% of consumers transfer music from CDs to their digital music players.
Still, he said, there is a need for physical media. "You're not going to offer your mother-in-law iTunes downloads for Christmas," he said. "But we have to be much more innovative in the way we sell physical content. By the beginning of next year, none of our content will come without any additional material."