File-sharing

Nick Mason, of Pink Floyd and Ed O' Brien, of Radiohead are perhaps wise and visionary by agreeing with music file-sharing.

File-sharing or music piracy as the music industry would like to call it, is the main reason behind the double-digit fall of CD sales over the past couple of years.

However this finding shows that this inustry otherwise is not suffering as bad as we thought. Artists are earning more than ever from concert tickets mainly, in compensation for their dwindling album sales.

Perhaps the biggest loser in this is the music industry, they are crying foul over the falling revenue and deteriorating profit margin.

One thing is for sure, there is no turning back nor there're really nothing much the music bigwits can do other than playing a new game. Music industry is seeing its organization shrinking with layoffs of top execs.

Artists will be working harder to produce better quality works rather than mediocre cookie cutter items, making them relevant beyond selling millions of album?

It kind of makes me wonder whether could this thing happen in other industry as well due to the fickleness of intellectual properties? Intangible asset does not seem viable for valuation by financiers when they value a company.

How would society evolve in this egalitarian needs of intellectual properties?