Apple marked the passing of its co-founder and former chief executive Steve Jobs Wednesday, calling him “a visionary and creative genius.” In the coming weeks, much will be said of Jobs and how he revolutionized the way we live. Evidence of his impact can be found in pockets carrying app-filled iPhones, DVD collections sprinkled with Pixar films and of course, the Billboard Hot 100.
Before the launch of the iTunes digital store in 2003, the record industry was facing the unprecedented threat of online piracy. Consumers were freed from forking over $15 for an album with one hit song and a tracklist full of filler by file sharing services such as Napster. Suddenly, an industry that had made record profits in the late ’90s with this model (think Chumbawamba, Eiffel 65, Natalie Imbruglia, etc.) scrambled to restore revenue by resorting to lawsuits.