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# Major Label CEO’s & Wall Street Offer Varied Views Of Industry’s Future
- URL: https://www.hypebot.com/major_label_ceo/
- Published: 2006-05-24T10:30:47.000Z
- Updated: 2006-05-24T10:30:47.000Z
- Description: "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. Continue reading [https://www.hypebot.com/hypebot/2006/05/major_label_ceo.html]
- Author: Bruce Houghton
- Tags: Major Labels, Vinyl, Cassettes & Retail, #wp, #wp-post, #Import 2026-01-21 11:10

> "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*

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[![Cd_many_18](https://hypebot.typepad.com/hypebot/images/cd_many_18.jpg "Cd_many_18")](http://hypebot.typepad.com/photos/uncategorized/cd%5Fmany%5F18.jpg?ref=hypebot.com)

"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*

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> "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*

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"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*

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![Cd_many_19](https://hypebot.typepad.com/hypebot/images/cd_many_19.jpg "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*

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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*

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> "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](http://www.latimes.com/business/la-fi-music24may24,1,1507264.story?coll=la-headlines-business&ref=hypebot.com), (2)Reuters, (3) Register UK