No, I am not one of those people who thinks you can fund an entire music industry through the sale of T-shirts. But file-sharing appears to have been a boon for some indepedent labels, which otherwise have a hard time getting their music to customers. Here is a money quote:
Today he [Mr. Egan] says – seemingly counterintuitively – his label simply would not exist without file-sharing services like Napster and its successors KaZaA and Morpheus.
Even as the major labels of the music industry pursue file traders for copyright infringement through lawsuits and the court of public opinion, Vagrant and many other independent label owners cheer them on. File sharing, these owners say, helps their small companies compete against conglomerates with deeper pockets for advertising and greater access to radio programmers.
“Our music, by and large, when kids listen to it, they share it with their friends,” Mr. Egan said. “Then they go buy the record; they take ownership of it.”
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