It’s about time somebody realized that the party is over!
Three years after Napster unleashed the first wave of music-trading over the Internet — and a full year after the company was shut down by a court order — the labels are coming to terms with the notion that Internet file-sharing is reshaping their business, and they must compete with piracy or risk losing a generation of customers.
From the first moment I saw Napster, I knew that the record industry was going to have to dramatically reshape itself if it was going to survive. It seems as though the studios have finally realized this!