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The future of the industry Economic fortunes
Source RIAA 2000
Ten year record sales Source RIAA 2002
MP3 (MPEG Audio, Layer 3)
Fifteen years ago, in 1987, the Fraunhofer Institut Integrierte Schaltungen (Fraunhofer Institute for Integrated Circuits), a developer of microelectronics circuits and systems, began a project known as "EUREKA project EU147, Digital Audio Broadcasting". The institute worked in conjunction with Professor Dieter Seitzer of the University of Erlangen at Nuremberg to produce the powerful audio signal compression algorithm that would eventually become known as "MP3".
Without data reduction, digital audio signals typically consist of 16 bit samples recorded at a sampling rate more than twice the actual audio bandwidth (e...
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