Cost Of Free Music? About $50/Year

An economist figures out the cost of “free: music.” “He said that $50 per year from every person who listens to music would “meet or exceed the current over the counter sales of the music industry at a far lower cost,” but that because of deeply-entrenched flaws in the outmoded business models used by the labels that have evolved over the years, we’re unlikely ever to see such a system put in place — despite the fact that it would increase profits while allowing people far greater access to music.”