There is a considerable difference between the suffixes “ing” and “ed.” So when you see a headline resembling something along the lines suggesting that “piracy” killed an industry, it has to be viewed up as completely false. It can be agreed upon that the music industry has been severely altered due to a number of factors but it is still very much alive—and will probably always be. The Music Void offers up a simple question that leads up to a series of complicated answers.
And so it never ends.
A simple analogy depicts it better. You borrow money from a bank to purchase a home, you pay back the loan you own the house. In the music business as an artist you are given a high interest loan (advance), whereby even if you pay it back via what in any other industry would be regarded as illegal terms – the record label still owns your house (i.e. your music).
Now lets be clear here, TMV does not support piracy or the illegal copying of copyrighted content in any manner whatsoever. However, the recorded music business does need to look inwards first and clear up what are quite clearly unethical business practices! If labels want to be taken seriously when screaming blue murder about file sharing sites by government and music punters alike, then it’s about time the recorded music industry also began providing BALANCED recording agreements – along with timely and accurate accounting procedures.
Piracy has been around for numerous decades, and the music business is as vibrant as ever. The only people feeling the pain are recorded music labels. Artists have rarely seen a pay-cheque from any recorded music sales anyway, so artist’s pain has not increased in any quantifiable way. [The Music Void]
To answer the question personally, I’d have to go with a resounding no, with adaptation being the only solution.