Everyone knows that sharing/downloading music off the internet is “unethical” and that there are potential risks involved - but as Americans, it’s difficult to not take advantage of a free thing and that is why we haven’t stopped downloading over 20 billion songs per year. The music sharing phenomenon took off in the late nineties, as the internet was becoming increasingly popular, and a peer-to-peer file sharing network called Napster debuted online and helped jumpstart...
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All these theories have somewhat contributed to the steady fall in album sales -2007 has seen some of the lowest sales in history and there seems to be no end in sight. As vinyl records lost popularity in nineties, physical CD’s are losing popularity now - which brings up one more question, what’s next? What seems to be the only way to save the music industry would be a new financial model; the industry needs to find a way to adapt to the growing demand in digital sales. Lowering digital single prices to 5 cents and digital album sales to 99 cents is a possibility. Finding a new technological advance is another. Either way, the music industry needs to find a way to get the people more involved and get them excited for music again as they were twenty years ago – which I’m sure in given time, they will do.
Long live the industry. Long live music.
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