"How could the flow of high-quality music continue despite sharp reductions in firms’ ability to appropriate revenue. The puzzle’s resolution may lie in the observation that technological change has not only reduced effective demand; it has also reduced costs of bringing music to market. The costs of creation, promotion, and distribution have all been revolutionised by new information and communications technologies."
I went to this event last night where a bunch of musicians did live improvisational recordings of new audio tracks for YouTube video's whose audio has been removed due to copyright infringement. Putting things right!
