DO THE MATH

“About 846 million new CDs were sold last year. But at least six billion MP3 files were downloaded from the Net in the same period. Although a medium still in its infancy, MP3 threatens to effect the most far-reaching changes in the way we listen to, store, think about and (crucially for the music business) pay for music since Thomas Edison recorded Mary Had a Little Lamb onto a wax cylinder in 1877.” – London Telegraph