The music industry was born more than a century ago, when the technological development allowed the man the capture, storage and reproduction of the sounds. Since then, great technological advances have been taking place in this area - and in others - to which the industry was able to adapt in a timely fashion. Innovations in sound technology, storage media and reproductive devices, as well as the emergence of the mass media, had important consequences in the constitution, definition and extension of the music business as we know it.
However, today the music industry faces new and big challenges. The recent merger between audio and computer technology combined with the rapid spread of the Internet across the globe invites us to reconsider the current structure of the business as well as the relative positions of its players. New forms of creation, commercialization, promotion and distribution of music - both legal and illegal - are part of the game and form a different, more complex scenario from which new opportunities and serious threats to the status quo of the record business arise.

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