How digital has changed the music industry
Tim Gibbon and Rachel Hawkes
The internet has caused much change in a vast array of business practices and overall industries. Perhaps the industry that has experienced the biggest change has been the music market. Commercial music downloading has only been available for the last five years, so to all extents and purposes it is still very much a baby finding its feet.
According to the IFPI, digital music (which includes both online and mobile sales) revenues in 2007 were an estimated US$2.9 billion, an increase of around 40% from $2.1...