The collapse of the recorded music industry is now getting reported by the media. Techcrunch is reporting that music sales are collapsing and down 20% from 2006. My Prediction of a 30-50% collapse is easily going to be realized.

Mike's blog post and many of the comments basically assume that recorded music will not be a viable economic model anymore. Artists and entertainers will need to make their money in merchandise, licensing, and live shows. Recorded music is dead.

I for one do not believe that. Recorded music can be reinvented as I commented in his blog post:
There are other avenues than simply saying give the song for free and get them to the show. Are you really happy with the recorded music experience? If not, I and others believe there are opportunities to be explored there to bring value back to the recorded music experience:
http://dylan.projectopus.com/
http://tech.gro...roup/xipf-talk/

I truly believe there is great opportunity in recorded music that will come to the fore as in the next 12-18 months.