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Major Label CEO's & Wall Street Offer Varied Views Of Industry's Future

"In the long term, this is going to be a very strong industry. The short term will have mixed results, and there have been some tough years, but as long as there are hits, people will want to buy music." - Universal CEO Doug Morris (1)

Cd_many_18"In the next five years, digital downloads will increase sevenfold. Downloads have higher margins than physical CDs, they're easier to sell and distribute — the industry is going to become more and more profitable." - Larry Haverty of Gabelli Asset Management (1)

"The numbers show reasonable growth in a global music market that is showing overall signs of stability, with an underlying migration of content through digital distribution channels," - Bridgewell Securities analyst Patrick Yau (2)

"We won't know if we've turned a corner until this year's fourth quarter."That's when the bulk of sales occur. This is a pivotal year in determining if downloads will offset physical declines." - Andrew Lack Sony BMG (1)

Cd_many_19"Sales of iPods and MP3 players are growing, but downloads are slowing. It's proof there's going to be a lot of volatility getting to a point where 100% of sales are downloads." - Pali Capital analyst Richard Greenfield (1)

On the 5000 music industry job cuts in recent years:"If you cut too deeply, you don't have any business left," - Morgan Stanley analyst Patrick Wellington (1)

"The numbers show reasonable growth in a global music market that is showing overall signs of stability, with an underlying migration of content through digital distribution channels". - Bridgewell Securities analyst Patrick Yau (3)

Sources: (1) LA Times, (2)Reuters, (3) Register UK

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