Cayocosta
Largely based upon declining sales data, the report also briefly cites the recent Madonna and Radiohead episodes as additional justification for the downgrade to "Sell" while positing that the industry must change - but doing so will take time and the requisite restructuring will be costly.
Stating "we believe an increasing majority of worldwide consumers simply view music as free" the report suggests a new business model must emerge for music consumption; most likely manifested via DRM-free music at no cost to consumers, supported by advertising and promoted through social-networking.
DRM-free downloads are encouraged as potentially increasing digital revenue near-term.
Signup to read the report at paliresearch.com
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