THE FUTURE OF MUSIC

“Within the music industry it is widely believed that much of the physical infrastructure of music – compact discs, automobile cassette-tape players, shopping-mall megastores – is rapidly being replaced by the Internet and a new generation of devices with no moving parts. By 2003, according to the Sanford C. Bernstein & Co. Investment Research Group, listeners will rarely if ever drive to Tower Records for their music. Instead they will tap into a vast cloud of music on the Net. This heavenly jukebox, as it is sometimes called, will hold the contents of every record store in the world, all of it instantly accessible from any desktop.” – The Atlantic