RIAA boss Mitch Bainwol is optimistic that the recorded music industry will regain the revenues lost in the last ten years through “an explosion of revenue opportunities connected to digital”. In an interview, he talks about a “20-year V curve”: “Going back to 1999, the industry was roughly $15 billion. That $15 billion is now roughly $8 billion, made up of physical units, digital units and other forms of revenue connected to the ubiquity of music. We’re going to see now in the next 10 years that curve go back up.” He also says that more than one million warning letters have been sent out to alleged file-sharers by US ISPs in the last year alone. Source: Tennessean

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