An interesting article from the BBC takes a look at how file-sharing web sites can actually make a music act more popular. In fact, the research cited in the article shows that the most-pirated songs tend to be those at the top of the charts.
Think of the potential impact of this on Apple (NASDAQ: AAPL). I remember the halcyon days of Napster and the likes, when you could go online and find songs from various artists (I even found Scruffy the Cat on Napster, not an easy task) and download as many as you want.
Well, when the RIAA and Metallica decided to wade into the fray -- sites like Napster were either summarily shut down or had to start charging for their services.
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