Enjoy the Music.com Video: The Future Of Audio

This is a video of the Subcommittee on Communications and Technology hearing "The Future of Audio" that was held in June. At the House Commerce Committee hearing, such representatives included the Recording Industry Association of America (RIAA) Chairman and CEO Cary Sherman concerning new technology and how it affects music sales today. At the hearing in front of the House Commerce Committee Subcommittee on Communications and Technology, Sherman testified that "CDs are no longer the primary format for the music business or the primary way the industry generates revenues. Digital is not just our future, it is our present. In 2004, the first year the RIAA had any meaningful digital revenues, the industry earned a grand total of $190 million from digital services. Last year, the industry reached nearly $3.5 billion. Quite a change."

Click here to watch the video: The Future Of Audio