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Proponents of MP3, the downloadable digital music format, predict that it will eventually replace CDs. When we want to purchase music, we’ll simply log onto a Web site and have it immediately delivered to our computers. But this online distribution method radically threatens traditional music-business economics and practices. Will artists still need record-label affiliations, or will they be able to market their recordings directly to the public? How will composers collect royalties for their work? These and other aspects of the MP3 revolution will be discussed by artists and technology experts during today’s panel discussion, “The Future of Digital Music,” presented by the D.C. branch of the National Academy of Recording Arts & Sciences. Participants include John Flansburg of They Might Be Giants, Craig Honeycutt of Everything, producer Stephen Janis, entertainment lawyer Ken Kaufman, and representatives of Liquid Audio, InterTrust Technologies, and BMI. At 11 a.m. at the Capital Hilton Hotel, 16th and K Streets NW. $20. For reservations call (202) 662-1341. (Joel E. Siegel)