The online revolution

The online revolution has proved as damaging to independent labels as to multinational companies. How far do you agree?


I agree with this statement because, both large and small music companies have their own set of artists and bands, and both require a certain income from those artists to keep the company going. As a large company has a larger number of artists, then they are going to need a larger income and for  a smaller company a smaller income. So whatever the amount of illegal downloads that take place both company's are at a loss. This means that both small and large music company's will make a loss and be affected.
This is supported by company's such as Sony BMG as a large company who are affected, and Domino as a smaller company. Both are suffering from losses because of illegal downloading from internet users.
For example certain companies such as LimeWire and Napstar, have been shut down and sued because of the damage that they cause to record company's.