A report in Britain has suggested that companies like Apple and Tesco are responsible for the demise of the music industry, instead of popular filesharing services such as Ares.
The study was conducted by Capgemini for the Value Recognition Strategy to evaluate the difference in revenue generated by the British music industry now compared to 2004.
The gap in revenue was blamed on the number of superstores selling discounted CDs, and not on the increased number of music fans turning to downloads. Also suggested in the report was that P2P filesharing actually incites people to purchase CDs, or else it has no effect on the matter at all.
What it looks like now is that targeting people downloading music illegally will not rescue the British, or world, global industry.
Another major problem, as the report suggests, is that thanks to iTunes, users are now able to buy CDs unbundled, meaning that individual songs can be bought without having to buy the whole album, thus reducing revenue as users can pick and choose what they want.