Word: mp3
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Dates: during 1990-1999
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...technologically ignorant, MP3-short for Motion Picture Experts Group 1 Audio Layer 3-is the audio-coding software which allows fans to compress digital music files from compact discs into a size more manageable for personal storage and Internet transmission. While a typical digitally recorded song takes up about 40 megabytes of space, its MP3 counterpart only needs about...
...result, MP3s are an easy way for the typical Internet user to gain free access to their favorite music. Scores of Internet sites offer their visitors the opportunity to download free MP3 players, and thousands more make a wide range of current recordings available...
Practically unknown about a year ago, MP3 use has mushroomed in the last few months. An estimated 20 million Americans currently have an MP3 player on their PC, and the numbers are increasing rapidly. The largest site of its kind, www.MP3.com, claims over 200,000 visits and more than 75,000 downloads each...
...growing popularity of MP3s has not gone unnoticed by the music industry. Major recording labels like Sony and Capitol are crying foul, claiming that rampant disregard for copyright laws by hundreds of Web sites which illegally post pirated tracks threatens to grossly undercut profits. Because MP3 technology is so advanced, it is fairly simple for anyone with the proper equipment to condense and make available whole CDs for free distribution. And with the advent of portable MP3 players now offered for about $200 by seven different companies, industry doomsayers are predicting the total financial ruin of music companies worldwide...
Reports of the death of modern recording labels, however, are greatly exaggerated. For one thing, MP3 tracks aren't exactly the easiest things to find-ask any student who has spent hours surfing the net to find a particular song. Sites which offer free downloads can appear and disappear in a matter of hours and many illegal recordings don't always have quality sound. And there is something about having the actual album that a folder of MP3 files will never be able to duplicate...