US media gadfly Michael Wolff (author of the excellent early dotcom book “Burn Rate“) suggests that thanks to the pressure of free music and the fragmentation of taste the music industry will shrink and profits on a huge scale will dry up. He provides an interesting analysis of the effects that the consolidation of the US radio industry and the switch to CDs have had on the music business… Thought provoking.
(Thanks to the often-interesting boing boing for the link).
