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BMI Reports All-Time Profit High Despite Piracy

applemasker writes "Arstechnica is running a story chock full of links to other interesting things about BMI's amazing record profit and how the RIAA skews its sales statistics while strangling fair use." Phew, so the artists aren't really starving, but we still can't all go back to "borrowing" music from our friends instead of each purchasing our own copy.

20 of 335 comments (clear)

  1. Still by 6169 · · Score: 4, Interesting

    Phew, so the artists aren't really starving, but we still can't all go back to "borrowing" music from our friends instead of each purchasing our own copy.

    I'll stop doing that when I feel the price for an album has settled to a more reasonable price point.

  2. -1, obvious by rootofevil · · Score: 5, Interesting

    seriously, when are they going to realize that P2P isnt hurting anything.

    this will likely be spun as "look how well our lawsuits are working, people are actually buying music again"

    --
    turn up the jukebox and tell me a lie
  3. Re:What BMI will say by BoldAC · · Score: 5, Interesting

    Artists make most of their money from other sources now. Much like atheletes they make money from sponsorships...

    What video these days doesn't push a product or three? Heck, videos contain enough commericals now that I wouldn't be surprised if MTV actually started showing videos again.

    Smaller artists, like many of my friends, make most of their money from live performances... despite being signed to "major labels."

    Sadly, these major labels often sign many artists to keep them from signing with other groups. Paying them a small fee and then "vaporwaring" their music keeps them out of the competition.

    The music companies are bastards, bastards them all.

  4. It's not about money, it's about controll by argoff · · Score: 3, Interesting

    In the next few years, it will be easier to nuke every city in the planet than it will be to reign in the unrestricted flow of information. The Media industries simply can't maintain their monopoly alone anymore, so they're trying to microregulate all the technology industries and fear monger everyone else.

    PS: which executive candidate do you think is in the pocket of the media industries, and which do you think is in the pocket of the tech industries?

  5. Re:Am I the only person here by Shadow99_1 · · Score: 4, Interesting

    Um I buy music, but not from any major label... I go out of my way to support bands I like who aren't signed to major labels and I support small 'indy' labels.

    Why? Because I like their music and I can accept it as good music. They write their own stuff. They stick to their artistic ideals. And they will keep doing it as long as they find it interesting to do.

    Why don't I support bands with major label deals? Because most don't have much real talent. Most don't write their own songs. Most submit to the whims of the labels marketing department rather than sticking to their artistic gifts. And finally most are at the utter whim of the labels themselves. One bad record and they may never be heard from again.

    I wish the band Ra (try to search for them, not all that easy) would drop their contract with their label, though they will loose all rights to their work (it's owned by the label as pretty much every artists is). They have talent, but got no exposure and seem to have dropped compltely off the map... That happens all to often with bands with real talent, but aren't the next boy band or talentless bimbo girl that the music label can push around...

    --
    we are all invisible unless we choose otherwise
  6. Copyright never killed anyone? by DrSkwid · · Score: 2, Interesting
    --
    There are places where the networks are not touching,and there are places where they are-Boeing's Lori Gunter
  7. it's not the artists that aren't starving... by twiggy · · Score: 2, Interesting

    Phew, so the artists aren't really starving, but we still can't all go back to "borrowing" music from our friends instead of each purchasing our own copy.

    Actually, the artists are still starving, it's the labels that aren't... see The Problem With Music, by Steve Albini. The labels are making plenty of money, choking the artist's bankrolls, and then blaming piracy for the supposed industry decline (and convincing artists it's piracy that is killing their bankrolls)...

    --
    http://www.babysmasher.com
    http://www.openingbands.com
  8. Re:What BMI will say by Commander+Trollco · · Score: 5, Interesting

    Whether they are affected or not would be really beside the point, if we were to look at the problem from its root.

    The owners of copyrighted material often say they suffer "harm" and "economic loss"
    resulting from illegal copying. Like most arguments put forth by copyright enthusiasts, it holds little water - for several reasons:
    The claim is mostly inaccurate because it presupposes that the copying individual would otherwise have bought a copy from the publisher. That is occasionally true, but more often false; and when it is false, the claimed loss does not occur.

    The claim is partly misleading because the word "loss" suggests events of a very different nature--events in which something they have is taken away from them. For example, if the bookstore's stock of books were burned, or if the money in the register got torn up, that would really be a "loss." We generally agree it is wrong to do these things to other people. But when your friend avoids the need to buy a copy of a book, the bookstore and the publisher do not lose anything they had. A more fitting description would be that the bookstore and publisher get less income than they might have got. The same consequence can result if your friend decides to play bridge instead of reading a book. In a free market system, no business is entitled to cry "foul" just because a potential customer chooses not to deal with them. The claim is begging the question because the idea of "loss" is based on the assumption that the publisher "should have" gotten paid. That is based on the assumption
    that copyright exists and prohibits individual copying. But that is just the issue at hand: what should copyright cover? If the public decides it can share copies, then the publisher is not entitled to expect to be paid for each copy, and so cannot claim there is a "loss" when it is not.
    In other words, the "loss" comes from the copyright system; it is not an inherent part of copying. Copying in itself hurts no one.

    --
    http://persianews.on.nimp.org/?u=Tar_Baby
  9. Something just occured by bairy · · Score: 2, Interesting
    There is a general hatred for RIAA and all the other idiots because CDs are so expensive and because so much goes to the record company and very little to the artist.
    Why not download an album, then send $15 directly to the artist, maybe send a couple of bucks to the record company.

    OK It's not feasible of course, but if it was possible it might just give the record companies a kick in the pants.

    Ok, so this isn't the most useful of posts but an interesting thought.

    --


    Get paid to search..It's geniune and
  10. Re:What BMI will say by pyros · · Score: 4, Interesting
    If the public decides it can share copies, then the publisher is not entitled to expect to be paid for each copy, and so cannot claim there is a "loss" when it is not.

    Um, no. Copyright is defined in the Constitution. It grants the creator of the work thr right to control how and when the a copy of the work is created and distributed. If this right did not exist, there would be drastically less incentive to create, and the public domain would become void of artistic works. The problem is that the original terms of copyright have been extended far beyond the point of any usefulness. When you say "if the public decides" you are ignoring the fundamental protection from the tyranny of the majority that the constitution affords us all. Would you sing the sae tune if the public decides they all have the right of prima nupta and line up to have sex with your wife on your wedding night to bless the union? You won't have been robbed of any property or income.

  11. Re:What BMI will say by Anonymous Coward · · Score: 1, Interesting

    "If it wern't for piracy, many people would have only heard the top 10 and be buying low-price singles which we give away free to boost chart positions instead of those profitable albums, and we'd have made even less money, so feel free to copy the music without permission, as long as you buy a copy of anything you like, to support the artist and there publishers." ... Ok I can dream can't I?

  12. Re:What BMI will say by Anonymous Coward · · Score: 2, Interesting
    I was taping songs off the radio in the 60's

    Me too, but in the 70/80's. There was even a time when some "fm rock stations" played whole album sides (records were double-sided, kids) uninterrupted. I spent most of my money on records in those days and bought over a thousand. Hmmm, isn't that a coincidence?

  13. Re:What BMI will say by Anonymous Coward · · Score: 3, Interesting

    If you don't like the law, work to get it changed. But it doesn't mean it's acceptable to break it and justify it with crap like that.

    I am sorry, but that is utter crap. The average citizen or even groups of millions of citizens of low income have zero or near zero hopes of changing the law in the US. You can carry on with your righteous theories all day long, but you're absolutely wrong. It is the duty of citizens who feel that laws are unjust to break them. It is an honor to break laws that are created by an unjust legal system.

  14. Census reports growth in population too, BFD. by Anonymous Coward · · Score: 1, Interesting

    Higher per capita is what matters, not overall growth. Be wary of propaganda, whether it's for or against RIAA....because truth is ultimately what matters.

    If BMI expands it's reach into 10 new nations/markets in 2005, it could easily post higher growth, while it's sales actually DROP in their pre-established markets.

    I wanna know what's going on per-capita, in established markets. THEN I'll believe the hype, or anti-hype, as it were.

  15. Re:Inflation by VoxCombo · · Score: 2, Interesting

    A real studio still takes way over $20,000 to set up. More in the range of ten times that. 2,000 gets you a computer in a bedroom, not a studio.

    Also, duplication can be had for about 50 cents per CD (i doubt this figure includes packaging), but professional replication (as opposed to duplication which is done on CDRs, not regular CDs) costs much more. A typical major label, large quaqntity release costs about $1 per CD to manufacture and package. SMaller quantities cost more per unit, up to the $3 per CD range

    Marketing is insanely more enpensive now than it was in the '80s, and marketing costs are such a large piece of the pie, that it nearly renders production and manufacturing costs irrelevant in the big sceme of things.

  16. Re:Grammar for Geeks: affect vs. effect by bleak+sky · · Score: 2, Interesting

    You miss an important point: effect can be used as a verb--it just means something different than affect.
    To effect something is to build it or bring it into existence.

    Thanks for playing, though.

  17. This is what we need... by generationxyu · · Score: 3, Interesting

    Record companies (not the RIAA) and artists (not Lars Ulrich) coming out against the DMCA and the restrictions against fair use and P2P. Get the artists to say that they make money off of filesharing. This is an old argument, but a true one... I first heard Modest Mouse when a friend of mine burned me a CD of theirs. I fell in love with the band, and bought that and their four other albums. I've also spread the word that Modest Mouse rocks my socks, and gotten several other people into them as well.

    --
    I mod down pyramid schemes in sigs.
  18. Re:What BMI will say by Igmuth · · Score: 2, Interesting

    Name a reason why people would keep making books, music, movies, etc, if people could freely, and legally copy them, and make derivatives and knock offs? Yes, I realize there are some people who do things purely for the love of the craft, but I would imagine many of them, when it came down to it, would have to find other things to do, instead of doing what they love.

  19. Re:What BMI will say by d34thm0nk3y · · Score: 4, Interesting

    Of course, the copyright system itself is the reason we have book, media, etc.

    WRONG! You shouldn't start your post with a logical fallacy. Creative works were produced long before the notion of copyright ever existed therefore you can never assert that copyrights were the cause without extra justification.

    Really, you should build up to the logical fallacy that way it is more believable.

    This of course is why we will probably never win in this battle. Nobody who cares enough about truth is willing to blatantly lie to take down blatant liars.

  20. Re:What BMI will say by mpe · · Score: 4, Interesting

    Of course, the copyright system itself is the reason we have book, media, etc.

    Books (and libraries) predate the concept of copyright by a very long time.

    The system allows for the (supposedly limited) monopoly on ideas so that artists could make a living and produce their content.

    Actually copyright was invented to give the state control over use of the printing press. Resulting in the business model of the third party publisher. Media invented afterwards copied the same business model.

    Without such laws in the first place, it's unlikely that we'd have the variety and multitude of movies, books, television shows, etc. that are out there.

    Movies and televison postdate the invention of copyright, so it's anyone's guess how they might work without it. Whereas books predate the concept by thousands of years.
    It's very much evident that authors will write books without copyright even existing. It's also far from clear that the existance of copyright does much to encourage authorship anyway.