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Let’s Get Physical! Vinyl Sales Up >51%, CD Sales Up for First Time in 17-yrs

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Musicians Counterattack, Gain Against the Geeks

In the latest report from the music world, we learned two surprising facts: First, for the first time in 17-years, retail sales of physical compact discs actually increased. And second, for the first time since 1991, vinyl records are the most popular physical media format. It’s big news and much of the media – even mainstream news outlets like CNN – reported on this development. It appears to be part of a surprising swing by consumers back to physical media, as sales of vinyl records in 2021 saw a stunning year-over-year increase of 51.4% – the biggest increase of ANY format, physical or streaming.

What the heck is going on here?

See more on physical media clawing its way back into the hearts of consumers

[Read more…] about Let’s Get Physical! Vinyl Sales Up >51%, CD Sales Up for First Time in 17-yrs

Amazing! Sony CEO Admits Company Failings – Says ‘Wow’ is Future

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Photo of Sony CEO Kazuo Hirai
Kazuo Hirai, Sony CEO

Sony’s CEO Kazuo Hirai gave a relatively compelling keynote presentation that was in stark contrast to their rather dry Mike Fasulo and unemotional press conference. Not only was Hirai dynamic and at times, emotional even – he competently and capably articulated a new and strong vision for the company based on the Japanese word “kando” and the English word “wow.”

See the surprising twist in the Sony CEO’s presentation…including a moment that NO other Sony CEO would ever dare to try…admitting past product failures… [Read more…] about Amazing! Sony CEO Admits Company Failings – Says ‘Wow’ is Future

Increasing Skepticism by Market of Tech Industry Advances

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Photo of former Sony CEO Howard Stringer promoting ESPN 3D
Former Sony CEO Howard Stringer promoting ESPN 3D at 2012 Consumer Electronics Show

Several years ago, while driving home from my job at a leading industry electronics manufacturer, I was – as usual – listening to my favorite New York Metro-area network news radio station. Since the commute took an hour or more (depending on New Jersey traffic), I got to listen to a lot of news. Sometimes, I was only half listening, as traffic concerns – or boredom – draws my attention away from the news.

But I snapped to rapt attention that day when I heard one of the show’s co-anchors promote an upcoming segment (“after the break”) on the latest technology news. Little did I realize that I was about to have my sensibilities shocked – not by the news – but by the anchors’ reaction to their own story.

What occurred that day is a cautionary tale for our industry – one that is being repeated again… [Read more…] about Increasing Skepticism by Market of Tech Industry Advances