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Wednesday, 11 May 2011

'The Digital Decade'

The digital decade covers the transition of music from CD's to online music, such as MP3's.
The digital decade bought problems to the music industry though - people could now p2p file-share their music, costing the music industry billions of dollars of revenue.
This was extremely difficult to contain: if they sued one person it would make them look harsh, but if they closed down p2p sites or programmes such as Limewire then a new one would take its place immediately.
The music industry was also slow to catch on to the potential that online music bought - missing out on creating massive services such as iTunes, YouTube and Spotify.
This is an example of how the gap between major and independent labels is widening - as major labels find it easy to get their music on large services such as iTunes, whereas independent labels find it much harder.

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