We've been discussing this a lot in one of my classes lately. Here's what we've determined so far.
-the software that supports file sharing is legal; sharing mp3s is not
-it is very difficult for an artist who does not get picked up by one of the majors to get national exposure, so in a sense they are paying for the exposure with the cuts the recording industry takes
-one of the reasons record companies take such a cut is because for every band they promote, pay for studio fees, and distribute that is successful, there are usually 3 or 4 bands that they supported and flopped; they need to take a larger cut so they can get money back from those flops
there was more stuff, but I can't think of it now.
That said, I still download music. However, I generally use KazaaLite to find music, and if I like it, I'll buy the cd when I have the money. However, if the band only has two good songs, then I have no qualms about just downloading it. Although the recording industries get a large cut, buying cds still is supporting the bands you like.
I also think the recording companies need to stop fighting the new technology, and start working with it. They are fighting a fight that they cannot win, so they need to drop the price of CDs and come up with some better alternatives. If Cds were closer to $10 rather than $20, I suspect more people would be willing to buy them. So instead of blaming everything on file sharing, the recording companies need to tighten their belts during the bad economy like everyone else and seriously reexamine their policies and operations.
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I approach college much like a recovering alcoholic--one day at a time...
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