Digital Home Thoughts: Online Music Is Transforming An Industry...Duh!

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Monday, September 13, 2004

Online Music Is Transforming An Industry...Duh!

Posted by Kent Pribbernow in "NEWS" @ 10:00 AM

http://www.cnn.com/2004/TECH/internet/08/18/online.overview/index.html

Millions of songs are now available -- for free or for sale, legally and illegally -- over the Internet. The emergence of this audio landscape has delighted music fans but undermined the business model of the music industry. Major record labels are squeezing less profit out of fewer bands and attempting to ward off losses by a frenzy of mergers."

Wow! CNN is really on the ball...having just now discovered that digital audio is transforming the music industry, and forcing the old guard record labels to rebuild business models. Who knew?

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