Movies rang up a healthy increase in 2003, from $60 billion to $64 billion, and music revenues stayed even. I imagine that fact will be used by both sides in the piracy debate, but my sense is this: if it weren’t for Napster (the old Napster, that is), those revenues would have been far lower, as no one would have sampled the tail, and begun to buy down it.
(Thanks for the tip, Gary)