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Asteroid Wipes Out Dinosaurs But Leave Record Industry Executives
Douglas Chick


It's difficult to to write about files swapping and the record industry when so much has already been written on the subject, but with renewed lawsuits in Europe against music swappers and the decision in a Toronto Federal Court against the Canadian Recording Industry Association's attempt to sue file sharers in Canada will be an never ending battle that will continue to fatten lawyers for another decade to come. 

Record company executives are simply too old and too set in their ways to ever understand the Internet, and so are many law makers. One hundred years ago the horse and buggy makers fought the transportation industry changing from the horse drawn carriage to the automobile, so is the music industry as it fights the futile battle of the CD-ROM. Horse buggy whips have been replaced with the gas peddle, CD players have been replaced with MP3 players, and music industry executives will be replaced with Internet shopping cart programs. Simply put; the cart is now pulling the horse. Or the market for music is being customer driven. On line music sales are doing very well as Apple not too long ago reported 25 millions songs, as well as the other on line pay for music downloads. At a dollar a song, that is 25 millions dollars. However from a record company stand-point, 25 million CD sales can equal 500 millions dollars.

The music industry has for so long been driven by greed and over priced CDs, that they’ve made it easy for people to justify stealing music. What’s worse is now recording artist is being robbed from both ends. Soon the board members of record companies will realize that company executives are too old to do business in today’s digital music market and will ultimately be replaced with younger more three dimensional thinkers.  Like my 11 year old daughter says: "It's a digital revolution baby!"