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post Apr 11 2009, 01:32 AM
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In the golden age of the record album friends would gather around the hi-fi system to share the latest music, most of them not paying a cent. Today, music fans do pretty much the same thing ? online, in social networks. But now, just about none of them pay.

Source: http://blog.wired.com/business/2009/04/social-networks.html
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