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Essential Reading

March 14, 2006

5 Warning Signs That You're Selling Yourself Short

In the 1990s, the music industry, recording studios, and the RIAA (Recording Industry Association of America) saw the growing threat of the Internet to their business model and did nothing about it.

The MP3 audio format, which provided near-CD quality with much smaller files (10% of the original file size) meant that Internet users could, if they knew where to go, download an entire music collection -- for free.

And yet the RIAA did nothing.

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