Wednesday, April 30, 2003

RIAA

Tough topic - do music swapping programs reduce music purchases, or do they drive it? Frankly, I think it's about 50-50, but what's interesting is how the music business is trying to shift blame for poor financials for the past year or two completely onto the file swapping crowd. Is there a lot of files being swapped? Sure. But, earth-to-mars, there's also a quite decent worldwide recession going on, which means that there is a lot less disposable income out there to be spent on music. The music is not the only business experiencing a downturn - go ask the clothing retailers how their business has been when comparing 2001 results to 2002.

posted by Wuphon's at 12:14 AM