Economist weighs in on file-sharing: it's not what's killing the music industry.

The Economist magazine says that while the major music labels are rightly realizing that the internet is their future, they still don't understand what's killing their sales:
"Much will depend on whether the majors choose to address a problem that is just as important as piracy: these days they rarely develop new artists into long-lasting acts, relying instead on short-term hits promoted in mainstream media. That has turned off many potential buyers of new music."
Links:
Downhill Battle: Music Activism
Added (Nov. 9) Links:
Blog Maverick "When will the music industry do it right?" - very good discussion in the comments section below the article as well.