The Producer of Radiohead "distraught" over a report published by London School of Economics which claims that digital filesharing has not had an adverse affect on music industry profits.NME
The briefing paper sent to MPs, published by the university, counters claims that the creative industries are suffering an overall revenue decline because of digital filesharing and streaming services.
"We show that new business models are enabling the industry to gain advantage by building on a digital culture based on sharing and co-creating," it reads. "Taking total revenues of the music industry into account - i.e. including revenues from concerts
and publishing rights, these revenues have not declined as dramatically has been suggested; they have increased considerably from 1998 to the 2000s. These revenues have stagnated in the last few years, but the claims of many in the music industry about a dramatic decline in revenue apply specifically to the sale of CDs and vinyl