I personally think piracy is going to be the framework for a new 2.0-style business model that the industry simply has yet to get behind. The current industry pricing model for music+album content in addition to the ease of ... alternative distribution methods are the two primary causes for piracy. IMO, of course.
But it's frighteningly disingenuous... No, it's a flat-out lie that piracy hurts the recording industry in any fundamental way. The copy machine didn't kill Waldenbooks, VCRs didn't kill VHS, optical media didn't kill movies and mucis, and p2p isn't going to kill them, either.
I haven't done the market research yet, but something tells me that you'll see a noticable - maybe not "significant" - uptake in album or single sales, after a piece of work hits the torrents. Free distribution of digital media promotes sales, and the recent release of a number of anime and cartoon series on youtube, followed by box sets on the shelf PROVE that digital distribution does NOT kill the model ("Code Geass," btw is exceptionally awesome!).
Company by company, it's catching on, but the RIAA and several other industry reps need to get over this luddite paradigm. Seriously.

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