Here's a lovely piece on the morality of filesharing and it's implications for musicians.
assuming his data is accurate, the following is really troublesome:
- Recorded music revenue is down 64% since 1999.
- Per capita spending on music is 47% lower than it was in 1973!!
- The number of professional musicians has fallen 25% since 2000.
- Of the 75,000 albums released in 2010 only 2,000 sold more than 5,000 copies. Only 1,000 sold more than 10,000 copies. Without going into details, 10,000 albums is about the point where independent artists begin to go into the black on professional album production, marketing and promotion.
I have no reason to doubt it. The question is, what implications this has for the ebook business.
Is it just that we don't yet have the equivalent of Pirate Bay?