That’s because the music industry is too dumb to adapt their business model to the new technologies. The revenues and profits are there if they want them.
Nobody downloads illegal MP3s anymore. Theft of music is not the problem here.
Actually it is the problem. Prior to your internet service provider charging you $60 a month for the tools to steal from me, you actually had to steal my record yourself physically.
Ten years later, all music is free and we are all out of business. I’m not whining, I’m just telling you that you are wrong.
All this new technology you keep talking about has provided thieves with numerous ways to acquire music without paying for it. Ever heard of youtube.com? Theft of music is absolutely the problem in the US and around the world.
The revenues and profits are there if they want them.
So, the music industry just lost almost half its revenue over ten years and they don't care? They could get the revenues and profits back "if they want them"? I guess they just don't want that other six or seven billion a years they once realized.
Lol, you really don't know what you're talking about.