The Economist wonders what the music business would be like if music labels didn’t exist anymore:
[W]idespread downloading might redistribute some of the proceeds from the megastars to smaller groups.? So far the evidence for this is underwhelming, but it certainly could happen.? Many of my friends would say that this alone would be worth it?though the homo economicus in me is uncomfortable substituting my musical taste for that of the rest of the American public.? It’s not hard to imagine that the death of the music industry could also mean the death of overproduced boy bands and Britney Spears knockoffs.
Sounds good to me.
