UK Music Industry Economists Admit: Music Industry Getting Bigger, Not Smaller

Mike Masnick, TechDirt, Jul 23, 2009
Commentary by Stephen Downes

This is what has generally been projected by advocates of free content; it's nice to see it confirmed, even by the music industry. "Despite all of the whining and complaining about the state of the music industry, some of the music industry's own economists are admitting that the market is growing. Not surprisingly, it found that retail product sales have declined, but the other parts of the industry have grown noticeably more than the decline in retail sales." The same is true for education. Revenues from tuitions and books may decline, but making education accessible to all will increase, rather than decrease, the overall education economy.
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