See the music industry let me down by making me pay for a new license every time a new format came out.
Let me buy the LICENSE to a song I want to own, I'll pay £2 per license. Then let me do whatever the hell I like with that piece of music, be it download from P2P at 256kbps, buy as a single from iTunes, buy on a flash stick from HMV in FLAC format, whatever. Then new formats can come and go, but I still have the right to acquire that piece of music in any way I want, because I own the LICENSE to it, geddit?
Then we all get a fair deal and none of us have to be made to feel like criminals (labels included).
@Will Leamon, I really wish the LABELS would host a world forum and get on the level with their artists and fans, the solution is there, and 'the industry' has been slow on the uptake, fans and even artists have taken things into their own hands, they HAVE reacted.
I don't want music for free, I expect people to make a living from doing what they are good at, my friend has just been successful with his band Hard-Fi and I wish him all the luck. However, maybe, just maybe, the lavish lifestyle awarded to the likes of Bono, et al and certain executives within 'the industry', is unrealistic now. That doesn't mean we can't all make a living surely? Maybe if the money was spread around more evenly, and a larger number of new artists were promoted, there would be a new era of great music (that's not to say that there isn't great music about currently) and sales would be booming, as opposed to the manufactured and marketed to death music that is so prevalent.
Don't let music die please, my son needs as much muscial nourishment as I have had ;) (and not just from back catalogues).
Music is Art and to be adored, by the artists, fans AND producers, money is great too, but Music is Art.