State of the industry

Ever since the internet caught on with the mainstream masses, information and data has become widely accessible to anyone with a connection. One of the most controversial debates is the downloading of music and movies off the net. As everyone knows, access to free music and videos via sharing networks is extremely quick and easy, due to the widespread availability of broadband internet. Record companies and film studios especially like to claim that they lose millions of dollars annually due to piracy and people downloading their properties in general. Yes, I admit that I too download MP3s without paying but I believe it's justified because I never had any intention of paying for them in the first place. So technically those companies can't be losing money from me. BUT I do fully support the movie industry since I go to the movies once a week or so, mainly because I can't stand the quality of the downloaded films. The music industry is changing and one day, CD will completely make way for MP3s. The big record companies on't be happy due to their reluctance to change, but it's a future that I feel is inevitable. Oh yeah, the following video is an extreme example of why you shouldn't download music online.