Appetite for Self-Destruction by Steve Knopper (2009, Hardcover)

This book is a nice recollection over the most catastrophic moments of the music industry since the late 70s to date. If you follow the news on music and technology regularly, you might not be too surprised to read something that you probably already know, but this material is just great for somebody who have developed sudden interest in this subject.

It covers the supposed disco and boy band obsession which record labels dived in and hoped that it would last forever, the "pay-to-play" practices that made the Top 40 a place where only paid music - not necessarily good music - deserved to be, lousy contracts which exploited artists to the bone, skepticism over new technologies and business models and disrespectful practices toward consumers (the infamous Sony BMG CDs infected with root kits, the inflated Album CD prices, the killing of CD singles and the RIAA lawsuits), showing that the music industry had made one mistake after another that ended up leading it to the situation it is today.

The only thing I disagree about the author's thoughts is the notion that the CD is deemed to die completely. I don't really think this is going to happen, because CDs still caters to a great number of people who cares about a better sound quality (which is far better then MP3, as a matter of fact) and likes to hold a physical, collectible product. It is correct to assume that less and less CDs will be sold over time and that shelf space devoted to them is getting thinner, but it is not going to disappear completely.

Entertaining and easy to read book, go for it.