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Their concern, from a corporate standpoint should be whether or not these networks are making a profit for every song that is shared. This component of peer to peer sharing would be illegal if it does occur. Whichever way you side, both arguments (some more than others) have some validity to them.
The advancement or decline of the music industry should not be based on the success or failure of peer to peer downloading, but rather what the industry does to embrace the future...
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In other words, the music industry should not be looking for ways to stop it because it has too much momentum to be stopped, it should be looking for ways to make file sharing work for them. For example, record companies could still profit by charging the websites that support file sharing by charging them a base price per year to use their music, through that, the industry is still profiting and the website is left to figure out their own means of paying the record labels for use of their music...
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General points of the essay
Ethical analysis of Online File Sharing
Gain Sharing vs. Profit Sharing
Illegal File Sharing
Victory for file-sharing
Corporate Liablity Sharing
File-Sharing
Napster and File-Sharing
P2P downloading and file sharing
MP3's, Liability & the Future of File Sharing
An Assessment of file sharing in the music business
File Sharing: Good vs. Bad
file sharing
Internet File Sharing And The Music Industry
Internet File Sharing
Relevance of empirical analysis of the File Sharing vs. Music Piracy controversy
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