The EMI President's comment is taken out of context here, and unless one reads the full article it's easy to get the wrong intent. What he said was that the CD "as we know it" is dead, but there is a need for physical content versus downloads. This is a significant difference.
Here is a more compete quote from the article.
Here is a more compete quote from the article.
The CD as it is right now is dead," Levy said, adding that 60% of consumers put CDs into home computers in order to transfer material to digital music players.
EMI Music is part of EMI Group PLC (EMI.LN).
But there remains a place for physical media, Levy said.
"You're not going to offer your mother-in-law iTunes downloads for Christmas," he said. "But we have to be much more innovative in the way we sell physical content."
Record companies will need to make CDs more attractive to the consumer, he said.

