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The monetary value of music is shrinking. →
This interesting timeline lists some of the major events to provide a precedent for the recent devaluation of the CD and MP3 mediums — including obvious picks like Napster, the Best Buy indie-label controversy, and of course, Radiohead. But I’d argue that the most compelling factor in this unstoppable decline goes back to the introduction of the compact disc: $18 for a product that costs roughly $1.50 to manufacture? It’s as if Thom Yorke were presciently rubbing it in when he sang, “You do it to yourself and that’s what really hurts.”Page 1 of 1