Word: musicalization
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Dates: during 2000-2009
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...flash-mob phenomenon - which Wasik himself created - to determine just how little staying power trends have when faced with our fractured, hyperactive attention spans. Wasik talks to TIME about his findings, and why he can't stop looking at his RSS reader. (Read about how the Internet changed music...
...sells cars, it is clearly having a cultural impact. It has already spawned at least one spoof ("Let's be completely honest," it opens. "Our lawyers say we have to ...") and much Internet chatter, with one wag wondering if GM was wise to adorn the spot with music from a song ("Interstate 5," by the Wedding Present) about a person who was used for a night and then abandoned. Here's hoping GM customers don't identify with the lyrics too closely...
...quarter ended March 31, retail sales of grand pianos were down 18.6%, according to the Music Trades magazine, and school-music product sales fell 6.5%. Nonstring instruments, from trombones and tubas to flutes and pianos, tend not to attract investment dollars because they diminish in value with wear and tear and age. Well-maintained string instruments are distinct - like wine - in that they appreciate with age as wood mellows and tonal qualities mature...
...Demand for student string instruments, including those valued under $10,000, has also suffered. "Like just about everyone in retail, our members have certainly been impacted by the recession," says Joe Lamond, CEO of the International Music Products Association, which represents instrument retailers. "Acoustic pianos and high-end guitars are discretionary purchases for most people, and in tough times these can be deferred until things look brighter." In such an environment, dealers are far more likely to offer discounts. (See 25 people to blame for the financial crisis...
...People who have lost a lot of money in the stock market are scrambling to instruments as safe havens," says Francais. For anyone who owns a Strad, that market stability sounds like sweet music...