, Associate Editor
Let's be clear
... In our discussions regarding the traditional album and its future, one might come to the conclusion that some of us think that there will no longer be albums or, at the very least, if you were actually
reading, that it's not apparent to some of us that the album can continue on forever as it is now.
The problem, as Harvard Psychologist Dan Gilbert explains in his release Stumbling on Happiness, is that, [Humans] almost always err by predicting that the future will look too much like the present." In other words, we tend to project the present cultural norms of the Recording Industry onto the future.
In the minds those whom built big businesses around albums, they don't almost always err by predicting that the future will look too much like the present.However, they do almost always fail at trying to demand that the future should be like the present, just because that's the way things have always been.
Yet, when you look around, it becomes clear that the Recording Industry is not the only one that has faced reevaluating their business model in the wake of a digital age. Not because of piracy," but social change, wherein the behaviors an up-and-coming generation don't seem to reflect the previous cultural norms.
Recently, as reported by The Dallas Morning News, Jessica Meyers documented why companies like 'Dallas' Taylor Publishing Company and 'Minneapolis' Jostens Yearbooks might be in trouble, because, as the title of her great piece reads, In digital age, interest in traditional yearbooks wanes."
She goes onto say that, The nostalgia of this decades-old relic hasn't faded completely from the Frisco School, but the 'students' actions represent a growing detachment with the hardbound encapsulation of geeky high school moments." Continuing to write that, The traditional yearbook is no more."
Why though? These established cultural norms trickled down from parent to child, until one day, it stopped. That what the smartest kids in the high school did was realized that buying a yearbook didn't make sense anymore, because, as one student noted to Meyers, I don't think memories should cost anything."
Facebook, Twitter, and Flickr didn't have any intentions of challenging how the Yearbook Industry operated nor did they think initially that they would have a mass impact on the way that people share memories, but it's apparent that they've played a role in changing how people think about sharing memories.
Consider where we are today, without the advent of file-sharing, as a natural progression of how the culturally inherited norms and values of a generation shifted and the market failed, time and time again, to realize that these Millennials, these digital natives, were in fact different from their parents.
Regardless, much like Meyers concluded, in the digital age, interest in owning traditional albums has waned, not simply because of file-sharing. But, due to the reentry of the single, increased streaming capabilities, and detachment from the physical product, these previously established cultural norms are shifting.
Whether you reflect on the decreasing listenership in broadcast radio, the Newspaper Industry regretting putting news online for free, the book publishers becoming afraid that e-book versions cannibalize higher-price print sales, or theYearbook Industry's increasingly lowered sales, it becomesmore obvious.
When imagination paints a picture of the future," Gilbert writes, many of the details are necessarily missing, and imagination solves this problem by filling in the gaps with details that it borrows from the present." Thus,these execshave a tough time imagining a tomorrow that is terribly different from today.
However, rather than trying to project the present onto the future, Bob Garfield of Advertising Age has concluded that, The future is bright. But the present is apocalyptic. Any hope for a seamless transition - or any transition at all - from mass media and marketing to micro media and marketing are absurd."
Although it may be within the vested interest of the content industries to protect established cultural norms at all costs, it is undeniable that they have arrived at a crossroad, wherein they can accept the change that technology brings or continue to demand that the future should be just like the present.