End of the Recording Industry

There is a lot at stake with the development of digital music and the ability to download it over the internet. One of the biggest confusions occurs when the Recording Industry Association of America discusses file-sharing as something that will end recorded music as we know it. If you listen to the RIAA, you are liable to believe that there will no longer be recorded music if file-sharers keep “pirating” music, but this is not close to the truth. Yes, major record labels could lose their dominance in the market place, but does that mean that music is dead? The RIAA has been claiming that the disintermediation provided by the internet will lead to the decline and ultimately the failure of the recording industry. The decline of the recording industry, however, is not the end of music. While the recording industry cannot exist without music, music can exist without the recording industry (even the music industry can exist without the recording industry). Continue reading

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