Money College: Downloads, piracy still a thorn for music industry

Near the start of the new century, the Internet gave us Napster, the peer-to-peer network that allowed people to trade and download songs and albums for free, illegally of course.

Since then, the way people purchase music has been altered and the music industry has taken notice. In 2007, the giant bittorrent sharing Web site, Oink's Pink Palace, which also allowed users to illegally download music, was shut down by the RIAA, or Recording Industry Association of America, the trade group that represents the music industry.