Music Streaming: Death of MP3?
Music accompanies people everywhere in life albeit in different forms. Music is an integral part of life, helping people tackle their lows and celebrate their highs. Usually listening to music meant it had to be played on a gramophone, then CDs came along and finally MP3 players arrived wherein people could store their music digitally and listen without the bulk of the previous devices. iPod revolutionized the entire music industry (1000 songs in your pocket). With all this innovation there was another trendsetter gaining momentum with serious pace, "Piracy”. Websites started ripping digital versions from CDs and other web sources and posted them on the Internet for free in MP3 or M4A formats. This led to serious losses for production houses and a solution was sought after. Many years went by and many music stores, production companies, and giants of the music CD and Vinyl businesses closed shop due to bankruptcy. While all this was happening, Apple had launched its iTunes ...