Music Industry Looking for Lyrics Payoff
theodp writes "U.S. digital entertainment company Gracenote has obtained licenses to distribute the lyrics of more than 1 million songs. Music publishers are still mulling legal action against Web sites that provide lyrics without authorization." From the article: "Ralph Peer II, Firth's counterpart at peermusic, said licensing lyrics should boost worldwide music publishing revenues, estimated at about $4 billion annually. Peer said he hopes the unauthorized sites will seek licenses. 'I think we'll see a reasonable increase, as much as a 5 percent increase, in industry music publishing revenues five years out from where we are right now,' Peer said."
Infact... that busybody Mrs. Gore should spearhead the effort. It's stated goal would be as an educational tool so all of those frightened middle-america parents can read all of these dastardly lyrics that their children are being exposed to. Although, such an idea may simply make too much sense to old Tipper...
Those lyrics should be freely and readily available as a matter of consumer disclosure.
A Pirate and a Puritan look the same on a balance sheet.