Monday, November 14, 2011

Have Piracy and Digital Distribution Reduced Music Quality?

According to research by economist Joel Waldfogel, the answer is "no":
While the traditional purveyors of recorded music – the major record labels – have suffered since Napster, good music has continued to make its way to market. Independent labels account for a growing share of successful music, measured both by critical acclaim and sales. While many producers of recorded music have been made worse off by changes in technology, there is no evidence that the volume of high-quality music, or consumers, have suffered.

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