No, you can be just as productive without an MP3 player. Music is a valuable learning tool, and a very portable way to make music and connect to it. You can play music anywhere, and you can send it via email, email attachments to friends, and web links back and forth across computer, mobile device, and social networks. Music is a way for humans to connect beyond the physical realm and that extends to all the other digital assets people have. But the MP3 is not really an asset—it’s a way to make something of music: A way to transmit and record information through time. And like any other asset, it requires constant upkeep and support by content creators as well as consumers.
How will the MP3 revolution change the music business?
At one level, the MP3 revolution will make the music industry more competitive, and as such, the industry will be forced to pay more for their music (or not make it at all) based on the size of the artist’s sales. But it will also help change the very nature of human creativity. Because of the abundance of digital and analogue assets, the music business will have an easier time getting content to fans the way it does now. The MP3 revolution will likely take about 12 years to completely transform the music business, just as the video revolution has taken longer to completely transform video.
It may seem logical that it will take a while before the MP3 revolution is complete, but the reality is that it will start happening in earnest during the course of the next 12-18 years, with the evolution happening alongside the development of our devices.
You’ve said you think that the MP3 is the future and the music industry will see it coming in two to three years. How does the MP3 revolution affect music consumers?
The next 12-18 years will be the “music revolution,” in that no aspect of music has been as influential on our lives as the MP3 revolution does. This is an undeniable time-honored fact. In addition to the incredible growth in sales, which is now more than ten times what it was a few years back, the creation of digital assets has also fundamentally altered the music consumption landscape. This revolution has been more disruptive than the DVD box-set revolution did for video sales and more disruptive than the mobile phone revolution did for mobile phone sales.
The MP3 revolution has ushered in and created a new generation of technology, which has radically changed music as a medium. We