Peter Kafka

Recent Posts by Peter Kafka

Music Sales Still Going, Going…

More than a decade after the Napster era, the music business is still declining: Warner Music Group‘s sales dropped 14 percent in the last three months of 2010. And digital revenue, via Apple’s iTunes and the mobile business, is sputtering too. It was up just 1.6 percent, and down 5 percent from the previous quarter.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work