With the new technologies of MP3 and the video compression formats (VCF), there is the potential to do extreme harm. But there is also the potential to do good. Of course the music and film industry will resist any change in their current system. In the current system, THEY control the distribution format. MP3 and VCF allow independent movie studios, and music artists without a label to release their works over the internet for free or at a low cost. Without the intervention of a label, the artist will receive much more profit. With the internet, there is a potential to reach millions of people worldwide.
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