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Here is an interesting thought. Will streaming as indicated here make
produced/manufacturered recordings obsolete...perhaps similar to what the
digital camera may be doing to the photo film industry (if cameras become
cheap enough?).
RECORD INDUSTRY CHANGING TUNE ON INTERNET
Listen.com added the music library of Universal Music Group to it's streaming-music catalog making it the only subscription service to include music from the five major record labels. Another deal signaling a change in the record industry's acceptance of the online music industry was between FullAudio and Warner Music. The deal allows consumers to purchase any of 25,000 tracks and burn them to CD for 99 cents. Phil Leigh, vice president of equity research for Raymond James & Associates said, "We've seen a really seismic shift in the record label industry." Chris Gladwin, CEO of Full Audio agrees, "The music industry is taking steps to really make digital distribution happen in the right way. This is like the beginning of the music industry at large embracing digital music and saying this is a part of my future..." [SOURCE: San Jose Mercury News. AUTHOR: Dawn C. Chmielewski] (http://www.siliconvalley.com/mld/siliconvalley/news/3578189.htm) (c) Benton Foundation 2002. Redistribution of this email publication - both internally and externally -- is encouraged if it includes this message. Paul T. Jackson - Trescott Research
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