Universal faces the music

摘要

Sales of CDs have been in precipitous decline over the past decade. Denial among recording industry executives morphed into anger, but lawsuits and threats of lawsuits couldn't force music fans back into record stores. The industry's nearly century-old business model of high-margin packaged goods was disrupted by new technology, some of it used in clear violation of copyrights. Call it the revenge of resentful music fans, who'd been overpaying for years.