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The buzz about digital audio downloads from the Internet would lead one to think that the only way we'll be buying music in the not-too-distant future is through the Web. But the reality this past holiday season looks quite different. Reuters is running stories saying that there was "No Santa for the Internet Music Industry," and record companies attempting to get online are having a tough time (see related">http://www.stereophile.com/news/10648/">related item). MP3 for Dummies author Andy Rathbone states bluntly: "It [the digital music business] hasn't taken off as much as analysts expected," and EMI Records' Jay Alan Samit laments, "this year, over a billion songs were downloaded. None of our artists got paid."

At the moment, music fans who want to add to their collections by trolling the Internet are limited to bootlegs of dubious quality and legality, low-resolution shareware from innumerable unsigned bands, and teaser samples intended to help sell CDs by mail. Despite the subject's near-constant presence in the media, sales of downloadable music amounted to only about $1 million in 1999—as compared to total music sales of approximately $13 billion. The trickle of business is in large part due to reluctance by the music industry to open up its vaults because of a lack of copyright protection.

At this year's recent CES in Las Vegas, the Consumer Electronics Association (CEA) announced the first 50 inductees into its Consumer Electronics Hall of Fame, chosen from the nominees by a panel of 11 media and industry professionals.

San Diego-based MP3.comhttp://www.mp3.com/">MP3.com;, a premier website for distributing the music of unsigned bands, has announced a new program called Beam-it, via which copies of commercial CDs will be stored at the site. The copies will be instantly available to customers who have purchased the music from affiliated online retailers, company officials said. About 40,000 CDs have already been archived on the site.

On January 14, anyone calling Naim Audio heard an Elgar recording, and visitors to the Naim">http://www.naim-audio.com">Naim website forum learned the sad news that founder and managing director Julian Vereker had died. The company—indeed, British hi-fi as a whole—is mourning the loss of one of its brightest and strongest personalities.

Digital perfectionists Meridian obviously pulled out all the stops on their new flagship speaker product, the DSP8000. Checking in at $45,000/pair, the eight-driver Digital Active design is expected to hit the market sometime in March. Meridian claims the three-way powered speaker has a 24/96 digital input on the back and processes the digital signal internally with two 100MHz DSP engines operating with 24/192 resolution. Also on display were the new DSP33s, also Digital Active but more modestly priced at $4500/pair.

The music business is a $13-billion-a-year industry, but the high-end audio industry reaches only a tiny fraction of the music lovers that number represents. "Everybody loves music, so why don't they love specialty audio?" was the question addressed to a group of industry experts at one of a series of AudioCafe.com-sponsored">http://www.audiocafe.com/">AudioCafe.com-sponsored panel discussions on Friday, January 7, at the Alexis Park, during the 2000 Consumer Electronics Show in Las Vegas.