We said it before: Music downloads don't hurt CD Industry

We said it before and apparently (and independently from us, probably), the music industry appears to realise it as well - until a new study (mostly commissioned by them) comes up and says talks the contrary.

"The British Broadcasting Company (BBC) reports that pirate CD sales hit an all-time high in 2004. However, this was also the year in which the trend finally reversed and the sales of CDs actually rose."

May it is also that musicians actually understand the the trend and opportunity that the Internet offered and embraced it much earlier.

I only hope that this development won't lead to further proliferation of more online music shops that are not necessarily complimentary with each other.

(By Asia Business Consulting)