Umair On Digital Music


Fundamentally, I’m going to argue that consumers download music, as
much to derive extra value from getting something for free, as they do
because they want insurance against buying something they didn’t want
in the first place. File-sharing is as much about risk-sharing as it is about the ‘theft’ of value. Technological changes have made this possible
– but the way the business model of the music industry is at odds with
the implicit contract it signs with listeners is what makes it probable.

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