MP3-formatted audio files are considered to be the most popular streaming technology on the Internet, but the major record labels have so far shunned the format, which doesn't offer as much security and pay-per-download options as they'd like. Several announcements last week coincided with the <A HREF="http://www.webnoize.com">WebNoize</A&gt; conference in Los Angeles and revealed what a few of the labels are thinking.

The <A HREF="http://www.webnoize.com">WebNoize</A&gt; three-day conference took place last week in Los Angeles, mixing record-company executives with Internet geeks, all trying to find profitable ways to distribute music online. Tom Roli, publisher of the Webnoize website, set the tone for the event, stating that "the industry is facing great change and uncertainty due to emerging technologies, shifting global markets, and media revolutions."

In the age before recordings, music was a service business. Composers wrote for their patrons, and musicians performed for money. In the days since Edison's inventions, music has become a commodity business in which record companies stockpile large inventories and attempt to move them into the market of music lovers through a dense network of distributors and retailers. For established artists, the service aspect of music---playing for pay---now exists primarily to support the commodity business. For developing artists, public performance is a form of self-promotion to aid the search for a recording contract.

Internet audio continues to expand. Last week, at the first WebNoize conference, held in Los Angeles, <A HREF="http://www.jamtv.com/">JamTV/Rolling Stone Network</A> and <A HREF="http://www.real.com/">RealNetworks, Inc.</A> announced the debut of <A HREF="http://www.rsradio.com/">Rolling Stone Radio</A>, a new Internet audio service offering music in several genres. Rock star David Bowie announced that he would serve as a disc jockey for the new venture. <A HREF="http://www.amazon.com">Amazon.com</A&gt; has also signed on to participate as a music retailer.

<I>This series of articles was initially written (in slightly different form), as a paper presented at the 103rd Audio Engineering Society Convention, New York, September 1997. The preprint, "Loudspeakers: What Measurements Can Tell Us&mdash;And What They Can't Tell Us!," AES Preprint 4608, is available from the AES, 60 East 42nd Street, Room 2520, New York, NY 10165-0075. The </I><A HREF="http://www.aes.org">AES internet site</A>, <I>offers a secure transaction page for credit-card orders.</I>

<I>This series of articles was initially written (in slightly different form), as a paper presented at the 103rd Audio Engineering Society Convention, New York, September 1997. The preprint, "Loudspeakers: What Measurements Can Tell Us&mdash;And What They Can't Tell Us!," AES Preprint 4608, is available from the AES, 60 East 42nd Street, Room 2520, New York, NY 10165-0075. The </I><A HREF="http://www.aes.org">AES internet site</A>, <I>offers a secure transaction page for credit-card orders.</I>

<I>This series of articles was initially written (in slightly different form), as a paper presented at the 103rd Audio Engineering Society Convention, New York, September 1997. The preprint, "Loudspeakers: What Measurements Can Tell Us&mdash;And What They Can't Tell Us!," AES Preprint 4608, is available from the AES, 60 East 42nd Street, Room 2520, New York, NY 10165-0075. The </I><A HREF="http://www.aes.org">AES internet site</A>, <I>offers a secure transaction page for credit-card orders.</I>