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Preaching to the Choir

PhysOrg.com has an interview with Patrik Wikström, an associate professor of music at Northeastern University, on the changing ways in which people are accessing music.

The interview touches on the music business and the impact of social networks. Among Wikström’s more interesting observations:

Research shows that music consumers of today do not spend less money on music compared to a decade ago—they simply spend that money differently.

It will be interesting to see what mechanisms are put in place to compensates musicians in a manner fair enough to keep them engaged.