In this article, published in the Hastings Commmunications and Entertainment Law Journal, law professor Henry H. Perritt, Jr. argues that recent technologies have made CDs and major record labels obsolete, while at the same time reducing barriers to entry for new musicians and providing new methods for promoting and distributing their works. The same technologies also have increased consumer demand for popular music. The article sketches production and consumption functions for music, identifying the factors that induce musicians to create and that induce audiences to consume music. The article is available in Microsoft Word format here:
