I understand that the recording industry is smarting after the event of the MP3, and its profit margin is suffering. And how! It was a hell of a profit margin, all said.
For 20 years, I paid increasingly extortionate prices for music. I bought the rights to listen to the same music several times.. vinyl, then cassette for my car, and then CD. Each time, the price I paid was disproportionately more excessive. By the time I began re-buying CDs, the £15 I would pay per CD represented profit in the region of thousands of percent. From me as an individual, I would estimate that the music industry has had around £40,000 in clear profit alone. I knew it at the time, and so did everyone else, but there was no alternative. The music industry made sure of that.
What the music industry didn't bank on.. what it didn't foresee.. was a situation where the extorted masses, who had lost all affection for the likes of Sony and EMI during the rip-off years, would ever have an opportunity to redress the balance. Today, the music industry is being "ripped off" by the same people it had enjoyed "ripping off" for decades. The worm has turned, and has firmly bitten back.
Is it right? Of course not. It's no more right for us to shaft them than it was for them to shaft us. Royally. Do I pity the industry? Oh, no, not one iota. Frankly, I'm enjoying seeing the beast get a taste of its own medicine. Ultimately, I'm sure it will regain the upper hand, but for now I'm personally enjoying getting some of my £40,000-worth back. I still have a long way to go before I've ripped back 50% of that. When I get to that point, I may call it evens and start buying music from EMI and Sony again.