Of course fair use can be a valid point to get out of a libel suit, but only if it's applicable. Then again, I think the restrictions on fair use and the body of work able to be parodied should be widened. And don't even get me started on copyright laws.
Online music is amazing. I was a bit of a pirate when I was younger but I have reformed. But like most people, I used it to find rare covers and live music for bands that I already liked that weren't commercially available. The other avenue I used online music for was to expand my horizons by finding new music - which has actually become easier through iTunes. You like this band? Then you'll love this band! Which is harder to do with p2p because of the search engine capabilities. I hope online music has changed or will change the industry, but I doubt anything major will happen. I can only hope that it will drive down the prices because maybe I'd buy a whole CD again. For now, I'll pick and choose the single songs that I like.
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