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The distribution of music was once the exclusive domain of the major record companies, i. ... However, a new business model is emerging that may fundamentally change the way music is distributed. Digital distribution of music on the Internet has altered the landscape of the music business. This has created both threats and opportunities to those in the music industry. ...
Music file sharing on the Internet via websites and networks such as the notorious Napster has become an extremely controversial topic in recent years. Since May 1999, when Napster began introducing millions of Internet users to the pleasures of trading music via a peer-to-peer network, music file-sharing has become ubiquitous online. 42% of the respondents in a June 2001 study of online behavior among American Internet users conducted by Jupiter Media Metrix indicated that they had downloaded music from the Internet. ... Backed by proprietary data, Jupiter Researchs industry-specific analysis, competitive insight and strategic advice give businesses the tools they need to exploit new technologies and business processes. ... Originally music sharing was something that had started in colleges, students would share their music amongst one another on the college server but now with the introduction of P-2-P technologies such as the famous Napster, Kazaa, and Gnutela coupled with the advancements of high speed internet services, downloading of music from the internet is extremely popular. ... The recording industry views Napster-style file-sharing unambiguously as stealing and have tried to enforce its view by filing lawsuits against Napster and other similar online services. ... Among listeners, however, there is little agreement on whether or not file-sharing is the equivalent of theft, with many contending that they are actually led to purchase more music in physical form such as CDs because of their music downloading.
Many institutions such as the RIAA (Recording Industry Association of America) and the IFPA (International Federation of the Phonographic Industry) have lashed in disdain for the Internet file swapping.
Approximate Word count = 1533
Approximate Pages = 6.1
(250 words per page double spaced)
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