The New Business Model

To combat music piracy some bands have begun trying a radically new business model for selling their music. They are giving it away. By making some of their music available online for free, these bands are managing to make just as much money as they did the conventional way. They have completely gotten rid of the need for record companies as they are able to interact directly with fans. This enables the bands to also sell their music extremely cheaply because every single dollar of the profit goes directly to them, instead of the record company taking its cut. Here we can see that piracy can be combated without the use of lawmaking.

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