hunting us down!
Out of context: Reply #17
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- blend30
I would claim that p2p file swapping is actually helping selling records. Just look at the figures and compare to spending on other entertainment goods during an economic downturn. Compare recording industry profits/sales now and 20 years ago. People are not going to stop buying hit records.
The thing they are really worried about is that the recording industry has lost control of the distribution channel. It used to be that they were totally controlling the media (bottle neck) and could keep down the variety of music available out there. Now it is harder to gain from economies of scale, when you have a fragmented market. They need to figure this out and start selling over the Internet.
It is no longer possible to sell whole albums with one hit song.