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The best comparison is between music and books. They are both files that are small enough to be a practical download for most devices. Musicians have the advantage of having another revenue stream via performance. The distribution of free content is less devastating for them in most cases it increases the demand for personal appearances.
Writers do not have the advantage of this additional source of income. Free content has been devastating to journalism. The proliferation of blogs can never make up for the loss of well resourced investigative journalism.
That being said lowering prices will probably make a dent in the piracy of content.
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