Professor Michael Carrier has published the results of a remarkable initiative on copyright and innovation that uses the music industry and Napster as the case study. ..The article concludes that there were five losses from the Napster decision and related litigation: lost innovation, lost venture capital, lost markets, lost licensing, and lost magic.
MUST READ - Hunter S. Thompson summed in up correctly:
“The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There’s also a negative side.”