“Like it or not, the music industry is in a free fall, and things are about to change. The very foundation on which the business is structured – selling music to stores – is eroding at an astonishing pace. Sales of recorded music have fallen about 16 percent over the last two years. By contrast, sales of blank CDs jumped 40 percent in 2002, and users of the biggest online file-trading service, Kazaa, outnumber what Napster ever had.” So what’s next? Well, that depends on how quickly the industry is willing to accept the move to digital music, and embrace new paradigms. So far, though, the big labels seem content to bitch and moan and watch their business go down the drain.