During the INDUCE Act hearing, Bainwol of the RIAA countered claims that file-sharing doesn’t decrease music sales.
But, he said holding up a colorful line graph, our sales from hits have declined. Which means sales of mid-list non-hits must be going up.
In other industries, when companies see sales of one type of product declining and sales of another type of product increasing, they switch strategies to focus on the new product category. The recording industry is missing business opportunities that are staring it in the face.
The recording industry instead wants to use the US legal system to maintain their old product mix.