“The shares are currently at 144p and sit at a record relative low. This is due in part to the profound fears among investors over internet piracy and illegal downloading of free songs.
But the overall recorded music market only fell 5 per cent last year – and the music industry has survived many other changes of formats and methods of distribution.
Bootleg records and tapes have always been a threat. CDs replaced vinyl and cassette tapes and DVDs are now supplanting CDs. I suspect intellectual property holders such as EMI will adapt to the new technology and find ways of making us pay.”
Full story at The Telegraph.
