According to University of Ottawa law prof/copyfighter Michael Geist, rumors of the recording industry's death by peer-to-peer file sharing are greatly exaggerated.

Writes Professor Geist [Toronto Star, reg. req.]:

[Perhaps] the best evidence yet of the tenuous link between file sharing and music sales comes from the music industry's performance following the Federal Court of Canada's file sharing decision denying the CRIA's [ed.- Canada's "RIAA" ] demand to disclose the identities of 29 alleged file sharers at the end of March of this year. Despite the dire predictions that the decision would decimate music sales, the six-month period following the decision saw CD unit sales jump by 12.4 per cent in Canada over the prior year.