The music industry experienced one of the rockiest transitions into the digital age of almost any business over 15 years ago, as it didn’t lead the charge. The biggest companies working in music were more than happy to continue to allow people to purchase albums and CD singles, overlooking the potential that the internet could have offered for the field.
The business only truly got its act together (at least somewhat) when the public latched onto piracy websites like Limewire and Napster and began downloading anything and everything they could want for free. That kicked off a decade-plus-long slump in the industry that has only just recently been reversed thanks to streaming platforms taking over the world.
Read Article: Forbes
The CD killed home taping. Did you really want to spend all that time making an inferior copy when the original sounded so much better?
Of course not. Never mind that CDs were vastly overpriced, didn’t compensate creators for said increase and singles were cut from the catalog, forcing you to buy a whole album to get the one good song you wanted.
In other words, the music industry fought the battle of the past by entering the future.
Source: Lefsetz Letter
Earlier this year, a federal judge shut down the free music-download site Mp3skull.com and awarded $22 million to the record companies that had sued it for copyright infringement.
But Mp3skull.onl, which has surfaced in its place, is touting a service even more worrisome to the music industry: stream ripping.
That practice, which involves turning a song or music video played on a streaming service into a permanent download, is growing fast among young music fans, even as other forms of music piracy wane.