Sunday, March 29, 2009

Can free music and profits coexist?

Sarah Sidwell, a 19-year-old freshman at Belmont University, loves listening to music but doesn't buy it that often. Instead, she listens to top artists on Pandora, a free online radio station that she customizes to play her favorite songs.
It's a phenomenon adding to the overall decline in music buying and even the legal and illegal downloading of tunes, according to New York-based NPD Group, a research firm. Instead of buying music, many consumers stream it online without ever opening their wallets to pay artists or record labels for their work.


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