How has illegal music downloads affected the music industry?

The Times Online points us to data that musicians have been making increasing amounts of money from live gigs while record labels have been making less money from recorded music. If this continues, then in 2009, artists should be making more money from live gigs than record labels will be from selling music.

This realignment of revenue is attributed to the effects of illegal downloading.

The study concedes to the limitations of the data (such as which type of live shows are making most of the money), but the data still serves as an snapshot of how music consumption habits are affecting the music industry.

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