“The sky is falling, according to music executives afraid that Internet piracy harkens the end of their business, yet independent companies continue to develop new models built around selling songs online. Record sales declined 5 percent last year, a falloff that industry executives have laid on the doorstep of popular file-trading services like Kazaa and Morpheus. To stem the tide, the five major labels have threatened to go after the individuals trading music online. Despite the flailing CD business and against the backdrop of massive legal challenges, Kevin Bermeister believes his file-trading service will be the answer to the music industry’s woes…”
Click here for the full Wired article. The article starts off (as read above) with the usual stuff that ZP readers already realize, but the slant of the article is about this Altnet service.
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