Written by two professors at the Penn in March of this past year addressing how the music industry's revenue has drastically dropped within the past three years. Many argue that this decline in profits is due to file sharing. They obtained data concerning album sales via purchase and downloading as well as consumer valuations from college students. They offer a new estimate of sales displacement caused by downloading.

This book has a chapter dedicated to music industry in relation to the internet. Ian Dobie discusses MP3's and "other cyber music wars" as they serve to threaten the recording industry and contribute to complication of web studies. Also there is a discussion of the effects of technological advancement on the sound recording industry as a business.

Josh Madell of New York's Other Music closes his Boston store, which had been his only branch store. The retailer attributes the failed business venture an "Internet-piracy-heavy environment." His Boston store was specifically located in Harvard Square which has proved to be the hub of MP3 users which points to the underlying reality of the time that the majority of college students are not buying albums anymore since downloading hit the scene.