Quote:
Originally Posted by stonetools
His conclusion is stunning: “file-sharing has caused the entire decline in sound recording sales that has occurred since the ascendance of Napster.”
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There's a graph here showing US recorded music sales from 1973 to 2009.
http://static6.businessinsider.com/i...c-industry.jpg
Sales tend to go up and down coinciding with economic recession, as you would probably guess, and while there was actually a very small dip in 1997that coincides with Napster, the total for that year still excedes the previous high peak in the mid-70s. There was then quite a sharp spike in sales for the next few years, before the current recession hit and sales slumped again.