"Doing a Radiohead." Big-box exclusivity deals. "360" contracts. These and other new business models are side effects of the digital media revolution — a paradigm shift caused by the MP3. The days of $15 CDs are all but dead. Long live the $10 digital album and the 99-cent single, both still dwarfed by everyone's favorite method of acquiring music: illegal downloading. I think in hindsight, considering the events of the past decade, the recording industry would have been happy for a fractional dip in revenue built into the transition from brick-and-mortar stores to iTunes, but factor in music piracy and the numbers aren't even close.
Bottom line: recorded music is not worth what it used to be, and count Pixies mainman Frank Black among those who understand. In an interview with Britain's NME about his newest project, Grand Duchy, he makes several very interesting points about the devaluation of music: