It depends on how you want to measure it. One aspect of these new technologies is that they've changed the revenue stream, so not only might there be more or less revenue coming in, but it's also going to different groups.
However, there is some good news. According to the RIAA, the Recording Industry Association of America, the first half revenues in the music industry in the United States are up 10%, to $4.6 billion. Most notably for us, 75% of those revenues come from streaming music.
Clearly, the music industry went through a period of disruption with new technology. That is not uncommon. Now what they're doing is meeting the consumers' needs, because consumers want streaming music. They want to be able to listen to their music anywhere on a variety of devices. Now, the record labels are enabling that and the revenue is coming in. So, as we get through this period of transition, the picture looks quite bright.