In the newer economy, medium and content are increasingly delinked the former is effectively dematerialized (or, more accurately, micro-materialized as virtualized format), thereby posing new challenges to law and policy governing musical creation, distribution, and consumption. In the older music economy, the media of music (its tangible forms-vinyl, cassette, compact disc, etc.) were fused with its contents (its sounding forms-songs, pieces, etc.), thereby facilitating their efficient circulation as physical commodities (grounded in licensing agreements, copyright protections, and so on). Music production in the 21 st century shifted from a largely commodified industrial model to a radically decentralized one, technologically facilitated by new efficiencies in search of functionality, delivery, and peer-to-peer connectivity.
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