I'm somewhat surprised this story hasn't been making more news. Plenty of people who realize what's happening have pointed out that the music industry is going to be forced, kicking and screaming, to realize that their old business model just doesn't cut it any more. The latest sign in this ongoing process is that a big name band like Pearl Jam has ended their contract with Sony, and decided they don't need another deal with a major label. Instead, they're fully embracing an internet distribution strategy - and so far, it appears to be working. It's stories like this one that should "worry" the music industry. Their old business model is being swept out from under them. Instead of adjusting they're just whining. That's never worked in the past, and it doesn't look like it's going to work this time, either.
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