P2P Music Downloads Worth $69 billion. Is Digital Music Distribution Going Down The Toilet?

In 2007 P2P music downloads were worth a staggering $69 billion, and all other forms of movie/television piracy are on the rise.

Techcrunch has been talking a lot about using music online as a free promotion tool, because eventually music will be free online. If record labels do use music online as a free promotional tool then they need to have other revenue stream. Warner Music is signing their new artists to 360 deals, in which allows them to have all revenues streams.

Somebody over there needs to put their thinking cap on, quit screwing around and just give the damn music away for free with no lawsuit strings attached.