Written a while back, but forgot to post it here.

MP3 Happened - Now*What?? - MTT Open - Music Think Tank

Basically my (fact-supported) opinion on our future options for the music business.

MP3 Happened - Now What?

"It wasn’t the beginning of the end, just a harbinger of it. Subsequent formats such as aac, ogg later sprang up based around the same ideas, and the overall concept had already been made a reality by prior formats such as ac3 and mp2 - they just didn’t do it as *well* as mp3 did. Discard psycho-acoustically negligible information to gain a 5-12x reduction in file size - meaning a song could comfortably and easily be ported around the internet, even in the days of dialup." ...