The Demise of the Recording Industry

As music fans know, the recording industry is in a shambles. The labels, and the RIAA, like to blame it on file sharing and illegal downloads, but what if the reality were different? What if the recording industry has sown the seeds of its own destruction? Prospect magazine has an interesting article looking at how the industry is killing itself, and how it seems unlikely to pull out of its current slump.

From the article:

“Yet the music industry itself must take some of the blame for the decline of the CD. For the past 15 years, free covermounts [CDs included for free] on magazines and newspapers, licensed or even paid for by record companies, have diluted the perceived value of recorded music in general and CDs in particular.”

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