I was, like many of you probably, under the impression that mp3 downloads, bittorrents and things like that were killing the music industry. Sales have dropped by X amount because Y amount of mp3s were downloaded from Kazaa, etc, etc. I thought the music labels were in serious trouble. Looks like I was wrong.
Far from being the ruined businesses that they might like us to believe, it appears that their profits are actually growing strongly as a result of the boom in online music, and that some online music services may disappear, whilst music labels continue to make better and better profits. It also appears that only a slim portion of profits made through online sales make their way to the online music services. And I think we can guess how much makes its way to the actual artists, who in a dream world I would like to pay directly for their works.