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ZDNet: Berst Alert: What the Recording Industry Must Do to Survive

Jul 06, 2000, 16:29 (0 Talkback[s])
(Other stories by Jesse Berst)

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"CDs are obsolete. If recording-industry execs don't take note, they'll be obsolete soon too. Napster and other peer-to-peer technologies will allow users to buy, trade, package and pay for music in ways that will kill the compact disc."

"If they want to survive, record companies will have to steal Napster's benefits, the ones that have drawn 9 million users to the service almost overnight. Let me run through the benefits and then I'll tell you what the new music industry will soon look like, with or without today's record companies."

"The new music industry will see profit instead of peril in the ease with which digital music can be moved online. ... Music will be cheap. ... Music will come with advertising. ... Music will be available any time, anywhere. ... Music will be customized.

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