For a long time now the music industry has been in ruins, due to many many things. Unlike other business when it goes down the pan they can't pack up and say they've finished because they provide something the world needs...MUSIC!
Many things have led the industry into a dying business, but the main thing is ILLEGAL FILE SHARING!..
Started by Napster created by Shaun Fanning, it was a website that allowed you to pass audio MP3 files for free without any fees towards your favourite songs. Shutting down napster however was the WRONG idea, it just opened gates to a relm of illegal downloading, minimizing profits low as 89% even causing some music stores to close down. 
The Second Coming that was to kick the industry when its down is the wonderful Apple Ipod and partner Itunes. Itunes was a place to buy audio files compatible with your ipod, which artist thought was great, abit of justice. They soon wasn't up for the idea knowing they will make a 7p profit from a £1.59 sale. Apple wins.
Nowdays the Music industry Scavenges for sell out shows and kick ass merchandise to make abit of profit! as it continues to spiral down the pan. Other labels have found profit making schemes by turning them self into an entertainment company not just a record label.
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