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Technology Stocks : MPPP - MP3.com -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (650)10/2/1999 10:21:00 PM
From: Cheeky Kid  Read Replies (1) | Respond to of 1116
 
When the CD made it's debut, and basically wiped out the vinyl record industry overnight. With in about five years CD's were outselling vinyl records, and demand for CD Players replaced the demand for turntables. Electronically available music (downloaded / streaming) will be bigger than the CD industry. MP3 players, half the size of a micro-cassette recorder and only weighting an ounce or two, you can take CD quality songs anywhere and never worry about skipping or dead batteries. No moving parts = battery life that is superior to the best portable CD player on the market today.

We are now seeing MP3 players making there way into the automobile mp3car.com and home stereo arena.

MP3 will spawn an explosion in the amount of new artists. Never before has an artist had access to a global market, and basically for free. No middlemen, but in saying that I still believe the big name record companies will survive. They will find a way.

So how is the money going to be made? And by who? I really can't answer that at the present time, but you can bet the recording industry will not disappear. And I don't believe we will have one format, I believe there will be many formats. MP3 will be here for a very long time yet.

PS
I do not hold a position in MPPP.