INVESTING: Thank Apple for putting music industry back on feet
As a tool of creative destruction, the Internet did a job on the music industry. For a few years, the largest consumers of music were obtaining the product for free, and stocks in the sector suffered as a result. Today, the industry is getting back on track, and investors are making money again. Music executives worldwide should be lavishing Steve Jobs of Apple with bottles of champagne and cigars. After courts shut Napster down, other illegal download services popped up…