It is silly to have two separate threads, but I'm sure a mod can fix it up.
I thought it was a pretty decent essay, eloquently written and fairly well organised. Although the gaping whole in your discussion was of piracy and illegal music downloads, which is I think where the record companys are taking the biggest hit, and that is why I can't forsee them becoming more successful like you're predicting.
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n. So what is the purpose of the album anymore? There is no need for the collection of songs into a single place. The consumer wants to create their own collection of songs in a single place, and create their own identity as defined by their music.
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This completely ignores the album being an artistic whole, becoming more than just the sum of its parts, generally I want to download a whole album not just one or two songs. The attitude you're advocating is more that of the extremely casual music listener.
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People are no longer looking to identify themselves with a scene, but rather identify themselves as an individual.
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Can't agree with this, music is still hugely associated with subculture.
But overall, nice job : )