Quote:
Originally posted by MagiK:
How is this bad for the music industry?
I realize im uninformed since I do not utilize MP3's at all, unless you count the ones that are published in side the Computer games I play.
It sounds to me like it was a move to ensure the artists and producers got a fair price for their work...I haven't followed this too closely since I usually buy the CD's I want. I read through that whole article and didnt't see anything unreasonable.
Can someone explain it a little better for me?
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Because Audiogalaxy & Napster etc, shift the power, from the record companies to the consumers and the Artists.
The record companies generally expoloit not only consumers, but also the artists.
And being the evil greedy Exploiters they are, the big record companies will fight this trend of shifting power to consumers & Artists and changing the market in favour of small dynamic and independent companies tooth and nail.
But in the end,The record companies are ultimately hurting themselves as well as consumers since this can only stifle and prevent the market from expanding in a more democratic way to the greater profit of all.
Since most people, when exposed to Mp3's tend to acutally by more records than they would have before, But one of the reasons for the fall in sales of C.D's, is simply that most people have now bought all their old record collection, and since the record companies stifle orginallity in their ceasless quest for profits, only the same tired old stuff gets revamped slightly and churned out again, and of course over time, this induces consumer apathy and falling sales.