By Eric S. Caruncho
Inquirer

MANILA, Philippines–Prophets of doom notwithstanding, these are boom times for music.

The compact disc might be dead, and the music business as we know it dying, but make no mistake, there’s more music being made — and listened to — than ever before.

It’s just that the local industry hasn’t figured out yet how to make money off file sharing, the dominant form of music distribution. While Apple quickly cornered the market with iTunes, cutting heavily into the CD retailing business, no comparable local model has yet emerged.

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