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Digital technology now permits perfect copies of works to be made and transmitted almost instantaneously across national boundaries, hitting the profits of record companies which lost an estimated $1bn in 2000.Without doubt, the most important change during the 15 or so years I have been advising individuals and corporations in the music, film and TV industries, and one that will continue to occupy our attention, is the rapid rate of advance in digital technology. In many respects the music industry is the ‘guinea pig’ in this area. Other media industries are, of course, affected and involved in this phenomenon, however, it is the music industry that is at the front line of change.

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