She says bands who sell out arenas such as Pink Floyd and Radiohead are not the ones feeling the effects of piracy but for new acts, music piracy and file sharing make it hard for new acts to emerge.

Allen says while old-school artists are driving Ferraris the new, emerging artists are still trying to pay off record company debts.

She recommends record companies get smart about new technology and make the internet more user friendly for kids to download music legally instead of having to steal parents credit cards or download music illegally.

Tory.