The Death of the Album and the Future of the Music Industry

In this http://www.artistshousemusic.org video, Wallace Collins, an entertainment attorney based in New York, discusses the generational shift that has taken place, that divides the CD-buyers from downloaders, and draws parallels between today and the early days of rock-and-roll in which singles drove the music business. He also shares his thoughts on whether downloading -- legal or otherwise -- will cut deeply enough into the major labels' bottom line to cause them to abandon the business entirely, and whether the "democratization" of music will affect the quality of music that's available.

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  Music