I think that music sharing has had a lot of complicated effects on the music industry. I think the Internet has most importantly provided a way for artists to make a good living themselves without having to worry about being signed to a major record label. The Internet has also provided an opportunity for artists to have their music heard around the world, when ten years ago, their music would not have made it outside of their local town.
However, downloading is hurting a lot of artists, but more importantly it is hurting the record companies. Which for the future, is going to lead to the arguement of do we need record companies? I think that the music business itself is going to have to endure the most change but it is not going to go out without a fight. Now is the time in the music industry for change and I think people like Tunecore are going to be the most successful as far as the record distribution. The music industry as we know it is in a serious crisis and it will be interesting to see how it all plays out.
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