Businesses go away when consumers find other more attractive paradigms and products. Then other companies or paradigms form to fill the void. It's called creative destruction.
In this case the destruction comes because the music industry took gross advantage of consumers, retailers and the artists themselves. I think no group of people are happier than artists at the demise of record companies. No one needs them anymore and everyone is happy about it.
Why should we not be happy about the demise of companies that instead of creatively finding ways to satisfy consumers sued them?
August 1st, 2009
6 hours ago