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I think there's been some pretty good research that concludes that piracy & downloads haven't really impacted the bottom line. Yeah, it's controversial I'll grant.
Ok, then what’s causing it? Its not a shrinking economy, its MUCH larger then that. I work as a publisher in the music industry, the bottom line is that CD sales are LOW, lower then ever and continuing to shrink at alarming rates. If research concludes that piracy & downloads aren’t to blame then the only other cause is that people aren’t listening to music as much. But the popularity of the iPod contradicts that. So what’s your conclusion?