Music Industry Crisis

• For most of 20th century record companies made money by selling a tangible product- a vinyl disc or CD. You owned music by having a CD collection.
• With the internet, the music industry had to adapt as CD sales are falling each year. The 'product' is now bought online as a single song or album, and exists only as an item or on iPod, mobile or computer.
• Majority now use iTunes,Google Play, Spotify and other online music services.

• in 2009, 4 men were sentenced to a year in prison and ordered to pay £2.5million for creating piracy site "Pirate Bay".