Tag: revenue models
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Revolutionizing Sound: The Invention of MP3 and the Evolution of the Music Industry
Introduction: In the late 20th century, a groundbreaking innovation forever transformed the way we consume and distribute music: the invention of the MP3 format. With its ability to compress audio files without compromising quality, MP3 revolutionized the music industry, paving the way for digital music distribution, portable devices, and a new era of music accessibility.…