Slashdot Mirror


Investors, "Beware" of Record Companies

NewYorkCountryLawyer writes "The Motley Fool investment Web site warns investors to beware of 'Sony, BMG, Warner Music Group, Vivendi Universal, and EMI.' In an article entitled 'We're All Thieves to the RIAA,' a Motley Fool columnist, referring to the RIAA's pronouncement in early December in Atlantic v. Howell, that the copies which Mr. Howell had ripped from his CDs to MP3s in a shared files folder on his computer were 'unauthorized,' writer Alyce Lomax said 'a good sign of a dying industry that investors might want to avoid is when it would rather litigate than innovate, signaling a potential destroyer of value.'"

301 comments

  1. The vicious last bites of a wounded animal by elrous0 · · Score: 5, Interesting
    The traditional music industry is like a wounded animal at this point. They're hurt and desperately striking out at anything, in hopes of somehow surviving. They missed their opportunity to innovate a long time ago and now they're just the walking dead, stubbornly digging in their heals and refusing to just lay down and die.

    They may get to the point where lawsuits are the only real income they have left. When that day comes, and all their Congressional bribe money has dried up, I think we'll see the courts and politicians finally start to hit back hard and finish them off. And they'll die still clutching their outmoded CD's, like pathetic John Henry's fighting innovation to the bitter end.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
    1. Re:The vicious last bites of a wounded animal by altoz · · Score: 5, Insightful

      Oh, they'll be dead before that. Artists are leaving record companies in droves. They'll start producing their own music and hiring niche marketing agencies to create demand instead. Even now, the smart ones are already moving in the marketing/concert promoter direction.

    2. Re:The vicious last bites of a wounded animal by Billosaur · · Score: 4, Insightful

      The parallels with SCO are amazing, especially given the sizes of the companies we are talking about. That they could fail to see the future coming at them and more importantly read the trends (i.e. Napster) and react to them in a positive, money-making fashion, is an indictment of the corporate system, where over-priced CEOs sit in their glass-lined offices looking like suit-wearing fish and providing just about as much value to their company. When you start treating your customers as criminals, you have slipped over the edge and down the slippery slope toward oblivion.

      --
      GetOuttaMySpace - The Anti-Social Network
    3. Re:The vicious last bites of a wounded animal by timeOday · · Score: 2, Insightful

      That they could fail to see the future coming at them and more importantly read the trends (i.e. Napster) and react to them in a positive, money-making fashion, is an indictment of the corporate system
      I'm not convinced there's any way to die gracefully when your business becomes outmoded (SCO, too). You make it sound like all they had to do was "adapt," but what does that mean? They had a sweet setup selling CDs in shopping malls with no competition, but once the Internet made all that unnecessary, I think a decrease in their profits was inevitable. Even if they'd decided to switch everything over to something like iTunes in 1999, the selective purchasing of individual tracks and competition from indies and filesharing would still have decreased their profits, perhaps even moreso than the path they did choose.
    4. Re:The vicious last bites of a wounded animal by PhotoGuy · · Score: 5, Insightful

      Oh, they'll be dead before that. Artists are leaving record companies in droves. They'll start producing their own music and hiring niche marketing agencies to create demand instead. Even now, the smart ones are already moving in the marketing/concert promoter direction.

      While I agree with the sentiment, are artists really leaving in "droves?" Other than indie artists maybe never pursuing a label to start with, how many already-signed artists are leaving the labels? Can you list more than 10? More than 20? Even if you listed 1000, I'm sure it would be something like a tiny single digit percentage (or less) of the total artists on labels, hardly qualifying as droves.

      I think it *will* happen, and hopefully at an exponentially increasing rate. But for now, they still have the stranglehold on the artists.
      --
      Love many, trust a few, do harm to none.
    5. Re:The vicious last bites of a wounded animal by Billosaur · · Score: 1, Redundant

      Perhaps, but adaptation would have given them the chance to remain relevant, as opposed to going on the offensive and driving customers away.

      --
      GetOuttaMySpace - The Anti-Social Network
    6. Re:The vicious last bites of a wounded animal by Shajenko42 · · Score: 3, Insightful

      While I agree with the sentiment, are artists really leaving in "droves?" Other than indie artists maybe never pursuing a label to start with, how many already-signed artists are leaving the labels?
      How many have the legal right to do so? Aren't most artists working for the big labels locked into Draconian contracts that restrict them to either selling their work to the labels, or not selling their work at all?
    7. Re:The vicious last bites of a wounded animal by Anti+RIAA+DJ · · Score: 1

      I agree that this is all they are doing. As a DJ - for local and unsigned bands ONLY I am continuously reminded of the BEST SONG EVER from an unsigned "indie" band American Lesley Jane and the song "The RIAA Sucks a Big Weenie". Absolutely perfect for everything the RIAA is.

      --
      "...the real crime is paying for the crap you sell" - American Lesley Jane
    8. Re:The vicious last bites of a wounded animal by Mondoz · · Score: 2, Insightful

      "I'm not convinced there's any way to die gracefully when your business becomes outmoded..."

      A long time ago, the tobacco companies saw that eventually, their product would be regulated, lawsuits would ensue, and their profit margins would eventually shrink.
      They diversified into food products so heavily that they're making more money on food than they do on tobacco. (They keep most of their holdings in food so they can't be sued for it as well...)

      The music companies could have diversified into so many other directions... If only they hadn't been so stubborn...

      --
      /sig
    9. Re:The vicious last bites of a wounded animal by guruevi · · Score: 3, Informative

      Sure, the artists you hear on the radio won't immediately leave the RIAA but after a while some groups and artists notice that they are not getting what they deserve and can get much better income elsewhere. Then they'll start switching. Another problem is that once you signed up with the RIAA, you can't really go back. Everything released from then on is their property and if you leave then you can't take your own work with you.

      RIAA-safe albums as found on riaaradar.com (the top100) include some well known names though. Some artists that have actually dumped the RIAA include Madonna, Nine Inch Nails, Oasis, Jamiroquai, Radiohead, Courtney Love and Canadian labels Anthem, Acquarius, The Children's Group, Linus Entertainment, Nettwerk and True North Records and there has been some commotion between EMI and the RIAA too so they might pull out completely pretty soon too.

      --
      Custom electronics and digital signage for your business: www.evcircuits.com
    10. Re:The vicious last bites of a wounded animal by dimeglio · · Score: 3, Interesting

      Madonna recently left Warner for Live Nation apparently for the cash. Interestingly, Live Nation does not appear in the members list of the RIAA. Coincidence?

      --
      Views expressed do not necessarily reflect those of the author.
    11. Re:The vicious last bites of a wounded animal by jddj · · Score: 1

      Y'know, I think the industry are generally scum, certainly are doing themselves no favors with all the lawsuits against their own customers, but I still WANT to be able to walk into a store and browse and buy CDs. I'm not interested in pirating music, not interested in the DRM-laden iTunes Music Store experience, and want uncompressed, full-resolution pressed CDs as a backup and a tangible item.

      It's been quite depressing to watch the CD selection shrink at Fry's, Best Buy and other major retailers, particularly since what disappears first is the good stuff. What's left is mass market ho-stamp pop and geezer retreads from the '60s and '70s.

      They haven't been able to sell me a CD in a store in a while NOT because I was busy pirating something else, but because the selection was so thin they didn't have anything I'd buy, or because they didn't have anyone re-organizing the stacks so I could find things.

      I'll keep my CDs, and my TV Antenna thanks.

      Hey you kids! Get off my lawn!!!!

    12. Re:The vicious last bites of a wounded animal by boyko.at.netqos · · Score: 1

      How many non-indie artists can you name that are regularly putting out records? Just the 20 or so constantly played on the radio.

      Artists aren't leaving in droves, the contracts prevent them from leaving. But contracts aren't getting renewed, artists are giving up the business rather than completing their contracts, and artists now know not to sign with the RIAA's members.

      --
      I used to work for NetQoS. I no longer do, but want to keep the excellent karma attached to this account.
    13. Re:The vicious last bites of a wounded animal by moderatorrater · · Score: 4, Interesting

      In the past year, we've had McCartney jump to a new label, Radiohead release their own album, NIN doing their thing, and Prince bucking the trends, signing a deal that is unheard of from a record label, and distributing his cd in a way that pissed all the industry folks off. I agree that leaving in droves might be an overstatement, but it was the first year where labels started losing out in a high profile way because artists weren't playing along.

    14. Re:The vicious last bites of a wounded animal by elrous0 · · Score: 1

      You can bet they'll start leaving when the money starts to dry up. Sure, they sign when the studio can offer a huge signing bonus and stay as long as the gravy-train keeps flowing. But, as CD sales decline and the bonuses and payouts become smaller, the studios will eventually reach a point where the band says "Hey, we can do better than that selling our stuff directly and touring on our own."

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    15. Re:The vicious last bites of a wounded animal by jcr · · Score: 2, Interesting

      Contracts expire. When they do, if you're a musician who has the prospect of distributing his work online and taking the lion's share of the revenues, or cutting a deal with a venture capitalist who'll pay you under 10% of the proceeds, what option would you take?

      The record companies are a 20th century business that is rendered obsolete by the internet.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    16. Re:The vicious last bites of a wounded animal by legoburner · · Score: 0, Troll

      Dont you see, this is all thanks to the extended copyright terms! Now that copyright stretches so far into the future, artists are happy to make more material independently, safe in the knowledge that their intellectual property is protected for years to come. Imagine how much better things would be with even longer, more protective and aggressive copyright terms! Cant you just see this movement being spun that way a few years from now?

    17. Re:The vicious last bites of a wounded animal by mpe · · Score: 2, Interesting

      I'm not convinced there's any way to die gracefully when your business becomes outmoded (SCO, too).

      Of course there is. It's known as "voluntary liquidation"... If it's timed right the business owners might even still have made a profit.

    18. Re:The vicious last bites of a wounded animal by RobBebop · · Score: 5, Informative

      Also...

      Madonna signed with LiveNation concert promotion group (I don't know if they are embedded or not).

      Harvey Danger (90's one hit wonder) released a free CD

      Barenaked Ladies have interesting views on releasing music (I can't remember the details, but they distribute through a non-traditional site)

      Beastie Boys have put out at like one Creative Commons song and I think their latest album was somehow independent

      But my favorite is any musician with decent music posted on Jamendo, where provides BitTorrent downloadable Ogg-Vorbis albums under Copyleft licenses. The site is a virtual treasure trove of exciting artists waiting to be discovered.

      --
      Support the 30 Hour Work Week!!!
    19. Re:The vicious last bites of a wounded animal by hedwards · · Score: 2, Interesting

      I do wonder if that's the only reason why they're leaving. Sure there is a profit motive in many cases and not being associated with an outfit that hates their own customers, but there are other reasons why an artist would jump ship.

      What I'm talking about is sound quality, control over content and controlling how and where the music is played, rather than the label. Those are compelling reasons to switch, the labels have for many years tossed their formerly best selling artists out in the cold when they have released a couple of poorly received albums, and frequently there's a commercial viability clause in the contracts which allows for the label to not use albums that the label doesn't like.

      Unfortunately, many of the best albums I've ever heard were failures compared with the normal standards. I love everybody - Lyle Lovett, Muswell Hillbillies - The Kinks, and Q: Are We Not Men? A: We Are Devo! - Devo, these were really good albums by any reasonable standard, personal taste in music not withstanding, and they largely went ignored. Worse, they aren't the only albums like that to not be particularly profitable in terms of sales.

      The artists that recorded those albums could have far more control these days over how they market the albums and hopefully get better sales by using those new opportunities.

    20. Re:The vicious last bites of a wounded animal by jdjbuffalo · · Score: 1

      They could have easily adapted in the (original) Napster heyday.

      It has already been stated many times before on Slashdot and elsewhere that they were making the most money they ever had during the time of Napster. If they had partnered with Napster at that time we would have had legal MP3 downloads years before iTunes. They could have had variable pricing so long as they kept it reasonable. CDs probably still would be on the decline but I doubt they would have lost very much in overall revenue. And if they had decreased their prices to more reasonable levels (something that amazingly still hasn't been done) of $3 - $10 per CD then they could probably have increased their volume and thus probably made more money.

      As it stands today, they've made way too many mistakes and their "enforcement arm" (RIAA) is the most reviled company in the US. They are most certainly dying now. I just hope they don't land any more successful punches (e.g. more DMCA or criminal copyright infringement) before they go down for good.

      --
      We have four boxes with which to defend our freedom: the soap box, the ballot box, the jury box, and the cartridge box.
    21. Re:The vicious last bites of a wounded animal by mcmonkey · · Score: 1

      In the past year, we've had McCartney jump to a new label, Radiohead release their own album, NIN doing their thing, and Prince bucking the trends, signing a deal that is unheard of from a record label, and distributing his cd in a way that pissed all the industry folks off.

      I had a similar thought in regards to Radiohead, NIN, Prince, et al and the traditional record labels.

      But then you have folks like the Eagles who released their lastest through Wal*mart and who ever does exclusive releases through Starbucks. The record company gives the artist access a distribution network that is hard to rival, even with the internet and www.

      One trend to move to the internet, but another trend is to work directly with the giants of brick and mortar distribution. Sign a deal with Wal*mart and you're in all the largest retail spots across the country. Sign a deal with Starbucks and your CD is available in 15,000 points of sale world wide. I suppose the next step is musicians signing exclusive deals with McDonalds.

      Meet the new boss, same as the old boss.

    22. Re:The vicious last bites of a wounded animal by marcosdumay · · Score: 2, Insightful

      "Contracts expire."

      Yes, but copyrights don't. Only artists that retain their copyrights can walk away.

    23. Re:The vicious last bites of a wounded animal by enjerth · · Score: 1

      Another problem is that once you signed up with the RIAA, you can't really go back. Everything released from then on is their property and if you leave then you can't take your own work with you. I don't think this is entirely true. The label may own the recorded work, but I believe the artist still owns the rights to the song.

      Yeah, there may be a legal battle over that. To say that an artist cannot re-record a song on another label is like saying the artist cannot perform that song in concert if they're not currently signed to the label. Whether or not someone is recording it is irrelevant if the label owns the rights to the song. I think if that went to court we'd see a victory for artist's rights.
    24. Re:The vicious last bites of a wounded animal by ReptilianSamurai · · Score: 1

      I agree. I feel like a minority here... but I like buying cds. When I spend money I want something tangible - I can later rip the tracks myself (into whatever format I want, free of drm encumberance and at whatever quality I choose). I also like the full album experience. I'm not one to buy single tracks off an artist, I like getting a set of tracks that go together.

      It is sad that I so rarely find any cds I want to buy in stores, though. I buy almost everything from Amazon or Deep Discount these days, because they are the only ones that have the selection (and price) that I want.

      On the flip side, it looks like DRM-free pay-to-download music is growing. Also I am hopeful that this means albums will never go out of print anymore, because downloads will always be available (no CDs to continue printing).

      --
      I installed Linux on a car, but it crashed due to bad drivers...
    25. Re:The vicious last bites of a wounded animal by marcosdumay · · Score: 1

      "I'm not convinced there's any way to die gracefully when your business becomes outmoded (SCO, too)."

      Oh yes, there is. You can just dismiss your company, taking all its money and closing doors. There is no need to create a mafia just because your business model is outdated.

      Too bad such people don't end at jail.

    26. Re:The vicious last bites of a wounded animal by DeadChobi · · Score: 1

      Yeah. I made the mistake of trying to shop for Electronica CDs at Best-Buy and their selection was almost 50% "Dance Hits From the 80s!" They had one shelf about the length of a coffee table devoted to the genre, versus 20 or 30 devoted to rock and R&B respectively. Lame.

      FYE, which is possibly as overpriced as Suncoast, had a slightly different selection, but there was still nothing there to speak of.

      It seems if it doesn't make Clearchannel radio it's not worth selling for some reason.

      --
      SRSLY.
    27. Re:The vicious last bites of a wounded animal by Ansonmont · · Score: 1

      But they have to actually re-record the song. Impossible for most/many/some of the artists. The labels own the master tape rights, with some exceptions.

      -A

    28. Re:The vicious last bites of a wounded animal by RobBebop · · Score: 1

      I'm not convinced there's any way to die gracefully when your business becomes outmoded (SCO, too).

      There business was not "outmoded" overnight. I pirated my first mp3 as a freshman in high school in 1996. This was the first lawsuit, in 2003. Whether they were keen on mp3 trading during the 7 years between those two dates is beyond me... but certainly by 2003 they had figured out that *something* was going on.

      Right now it is 5 years later. It has been about 4 years since I have pirated an mp3 (because I am unwilling to deal with the risk of being sued). Instead of competing for market share, they sue for profits. That isn't a sound business plan.

      And you know what REALLY killed them? iTunes success. For $1 per song, Apple became a music vendor. For figure, right? That's *almost* as much as the industry was charging for CDs. The industry response? DRM. I guess they didn't think that through either.

      So, what would be a more logical solution when some customers are lost due to your high costs, and other customers are lost due to the inconvenience of dealing with your shiny plastic discs?

      I want them to die... so I won't answer that. But I am sure anybody reading this post could formulate a couple of progressive answers to the situation that the music industry is in.

      --
      Support the 30 Hour Work Week!!!
    29. Re:The vicious last bites of a wounded animal by cayenne8 · · Score: 1
      "But then you have folks like the Eagles who released their lastest through Wal*mart and who ever does exclusive releases through Starbucks. The record company gives the artist access a distribution network that is hard to rival, even with the internet and www....Sign a deal with Wal*mart and you're in all the largest retail spots across the country. "

      While I'm not gonna listen to the Eagles new stuff (I'm still pissed they screwed over the best guitarist in the group, Don Feldner, a true Eagle)....I'd not ever even see their latest if they only sell through Wally World. That's just not a store I, nor many people I know, ever set foot in.

      While I know a LOT of people shop there, it is a subset of the public, and out of that subset they aren't all Eagles fans. So, by going solely through WM....they're losing what I'd think were a great deal of potential sales. People with a good deal of disposable income to buy dvd's and cd's.....aren't necessarily going to be shopping at a discount store with a lot of merchandise of questionable quality. Isn't WM's customer mostly on the lower end of the wage scale?

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    30. Re:The vicious last bites of a wounded animal by Billosaur · · Score: 1

      Imagine if they had partnered with Napster. The landscape of music might be quite different and the iPod and iTunes might never have come to pass, or might have been more of an afterthought. If nothing else the music industry made Steve Jobs richer by not anticipating the coming music revolution.

      --
      GetOuttaMySpace - The Anti-Social Network
    31. Re:The vicious last bites of a wounded animal by gambolt · · Score: 4, Informative

      After dropping them from the label, virgin records put out a "greatest hits" album for Cracker without bothering to even consult with the band on song selection. The band responded by making new recordings of all their classics and releasing their own greatest hits album on the exact same day as the label. Theirs sold much better.

      Also included is david lowry's retelling of how they got dropped, it ain't gonna suck itself.

    32. Re:The vicious last bites of a wounded animal by mcmonkey · · Score: 1

      While I know a LOT of people shop there, it is a subset of the public, and out of that subset they aren't all Eagles fans. So, by going solely through WM....they're losing what I'd think were a great deal of potential sales. People with a good deal of disposable income to buy dvd's and cd's.....aren't necessarily going to be shopping at a discount store with a lot of merchandise of questionable quality. Isn't WM's customer mostly on the lower end of the wage scale?

      I'd debate you on several points. You don't shop at Walmart; I don't shop at Walmart. But when we say 'a lot' of people do shop there, keep in mind that lot make Walmart (in the USA) the #1 retailer of groceries, the #1 retailer of toys, in the top 5 of retailers of clothes and books, and without seeing the numbers, I'll make a wild guess and say it's likely close to the top for CDs and DVDs as well.

      If we think of the Walmart customer as mostly on the lower end of the wage scale, that's a big lower end. And it's at the ends where our society is growing. Walmart hasn't refused to stock CDs from the traditional record companies (yet), but if you had a CD to sell and the choice of all the record stores in the US and all the Walmarts, I figured you'd do better (sales-wise) with Walmart. (Soul-wise is another matter ;)

      But even to that point, don't be so fast to poo poo your average Walmart customer. Most financially well-off folks aren't rock stars or famous athletes. Most rich folk got there the slow-and-steady route--modest income paired with savings, investments, and modest spending. I think we'd both be surprised at how many millionaires regularly shop at Walmart.

      (As an aside, I don't shop at Walmart 1) because of its business tactics, but also 2) the few Walmarts in my area (Northeast US) I have visited were dumps. They were dirty, ill lit, and disheveled. But those seem to be the exceptions. I have been to Walmarts in other parts of the country that were clean and pleasant places to shop, if you didn't think about how the prices were kept as low as they are.)

      And point is...hmmm, do I have a point? Well, Walmart is too big to dismiss. And that the record companies have more to worry about than Bit Torrent and CD-R. Banks freaked out when Walmart wanted to get into check processing, even just to process the checks Walmarts accepts from customers. And banks are not in the habit of freaking out.

    33. Re:The vicious last bites of a wounded animal by GreatDrok · · Score: 0, Offtopic

      Billosaur said "When you start treating your customers as criminals, you have slipped over the edge and down the slippery slope toward oblivion."

      Someone should tell Microsoft that. Yesterday, my XP Pro machine informed me that my genuine OEM installed copy was using a VLK that has been blocked leaving me with limited update capabilities and a nice banner that says my machine is running pirated software. Later in the day it changed its mind and now says the license key was never even generated by MS at all. All this and I have a genuine CD with the hologram and the sticker assuring me that it is OEM Software with the little genuine hologram text strip. Today, the machine is still complaining that the software is pirated.

      My Macs never do this to me........

      --
      "I have the attention span of a strobe lit goldfish, please get to the point quickly!"
    34. Re:The vicious last bites of a wounded animal by badasscat · · Score: 1

      Sure, the artists you hear on the radio won't immediately leave the RIAA but after a while some groups and artists notice that they are not getting what they deserve and can get much better income elsewhere. Then they'll start switching.

      The problem is you're ignoring new artists in this line of thinking. I mean, people switch jobs and companies in *every* industry, but you don't see those companies all going out of business because of it. They just hire new people, often on better terms for the company.

      That's still going on. In fact, just yesterday there was a story about EMI restricting new signings as a cost-cutting move. That sure implies that there are more artists looking to get signed than the labels want, which of course has always been the case.

      I don't see any major exodus from the major labels, and I see plenty of new acts being signed. If anything, the big threat facing the labels as far as any possible exodus goes is that their own cost-cutting will leave them unable to provide the services that they're contractually obligated to provide. That will make their artists unhappy, and it will give them a legal means to opt out of their contracts.

      But most bands don't care a whit about these lawsuits. Or if they do, they care less about the lawsuits than they do about the money they've made since signing to a major label.

    35. Re:The vicious last bites of a wounded animal by hesaigo999ca · · Score: 1

      look at radiohead new business model, which worked quite well, considering the amount of piracy out there.

    36. Re:The vicious last bites of a wounded animal by teflaime · · Score: 1

      I'd not ever even see their latest if they only sell through Wally World.

      One point to be made...Wal-Mart is the only brick and mortar access to the album, but you can buy the ablum through their website as well. And I recently read that about 20% of their sales have come from the website.

    37. Re:The vicious last bites of a wounded animal by toadlife · · Score: 1

      Cracker had more than one hit?

      *ducks*

      --
      I don't always use unix-like operating systems; but when I do, I prefer FreeBSD.
    38. Re:The vicious last bites of a wounded animal by tm2b · · Score: 1

      This is what people are talking about when they use the phrase "disruptive technology." In terms of business models, there's no revenue-smooth way to get from current business practices to support the new technology.

      When disruptive technologies surface, companies are faced with two impossible choices: ignore the incompatible technology and watch their business model go down the drain, or completely trash their current revenue streams in favor of the new business model.

      The bigger the company, the less possible it is to change business models - unless they have an absolute dictator at the helm (e.g. Apple, Oracle), the addiction to the old revenue stream overrides any speculation on future business models until it's too late. A company needs to be prepared

      I find this process fascinating - to me, the study of how companies, business models and emerging technologies interact tells the real story of how long term technological changes make it into our society and determines what their impact upon history will be.

      --
      "It is our blasphemy which has made us great, and will sustain us, and which the gods secretly admire in us." - Zelazny
    39. Re:The vicious last bites of a wounded animal by yaphadam097 · · Score: 1

      ""Contracts expire.""

      "Yes, but copyrights don't."

      They were designed to. They don't because the entertainment industry has always had a strong lobby and litigious inclination. They've had the law changed more than once. The only thing that is different today is that the internet provides both a means of free distribution and a forum for people to discuss the practices.

    40. Re:The vicious last bites of a wounded animal by illumin8 · · Score: 1

      While I agree with the sentiment, are artists really leaving in "droves?" Other than indie artists maybe never pursuing a label to start with, how many already-signed artists are leaving the labels? Can you list more than 10? More than 20? Even if you listed 1000, I'm sure it would be something like a tiny single digit percentage (or less) of the total artists on labels, hardly qualifying as droves.
      They don't need to leave. All that has to happen is that new bands realize they don't need a record label. A MySpace page and digital distribution through iTunes is now all a good band needs to promote themselves.

      The thing is, it has been happening this way for the last few years. In about 3 or 4 more years, the only talent that will be on record labels will be oldies... Music from the 90s and older. That will be a smaller and smaller niche as kids find new and interesting music without the help of the marketing whizzes at the record labels telling them what band they should like.
      --
      "When the president does it, that means it's not illegal." - Richard M. Nixon
    41. Re:The vicious last bites of a wounded animal by gambolt · · Score: 1

      Maybe three or four, but not enough for a "greatest hits" album. That definitely contributed to the absurdity. The major label release was padded with the singles from the later albums whereas the band's was padded with songs that are staples form their lives shows, the ones fans actually want to hear.

      Here's a writeup of the whole thing. It's really fucking funny.

      http://www.bloggingmuses.com/archives/band_cracker_gives_virgin_records_the_finger_000484.php

    42. Re:The vicious last bites of a wounded animal by CodeBuster · · Score: 2, Interesting

      Draconian contracts that restrict them to either selling their work to the labels, or not selling their work at all? More like trading their work to the labels in exchange for "promotion" and then owing the labels money for the studio bills, payola, and other concrete expenses associated with "promoting" the artist. As for the term of the contract, does "the rest of your prime working life" sound reasonable to you? BTW: If you want to break the contract early then they charge you penalties with interest for all of the "promotion" fees that you will be denying them from that point on AND you still owe them for the loans. Recording contracts suck. Why do you suppose that big name artists eventually found their own labels? So that they in turn can become the exploiters after they have taken their hundred lashes and paid for their spurs.
    43. Re:The vicious last bites of a wounded animal by CodeBuster · · Score: 1

      I'm not convinced there's any way to die gracefully when your business becomes outmoded

      You diversify into other businesses. If that is not profitable or the most profitable among alternative courses of action then the assets, assuming that any remain after liabilities are paid, are returned to the shareholders / owners and the corporation ceases to exist as an entity. There is nothing wrong with returning the value to the shareholders and closing up shop, sometimes that is the best business decision that a company in trouble can make.

    44. Re:The vicious last bites of a wounded animal by natedubbya · · Score: 1

      Step 1: Wait for everyone to sell their stock.
      Step 2: Buy up the remains for yourself
      Step 3: Laugh when the negative publicity that has nothing to do with business wears off
      Step 4: Profit!


    45. Re:The vicious last bites of a wounded animal by HiThere · · Score: 1

      PT Barnum said "There's a sucker born every minute". I doubt this has changed. I suspect that the studios can still find a large crop of names to select from. And it's not clear that the best musicians will have the clearest understanding of what it means to be signed to a studio. (Evidence appears to indicate otherwise.)

      However! Several years ago I read a story about how the "modern studio" preferred to NOT sign on talented musicians, because they could become difficult to handle after they had become famous. They preferred people who were of mediocre talent, and could more easily be controlled. Musicians the quality of whose performance depended on the support of the studio.

      If this is still true...then it becomes quite probable that the best musicians will never sign with the RIAA studios. And this *isn't* because the RIAA is evil, it's because the studios have intentionally decided to avoid talented musicians. (Which is more stupid than evil.)

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    46. Re:The vicious last bites of a wounded animal by Anonymous Coward · · Score: 0

      I didn't know Jamendo. Thank you, my hard disk is already futilely begging me not to go there. :P

    47. Re:The vicious last bites of a wounded animal by HiThere · · Score: 1

      I don't think you understand. You can't readily leave a contract with a studio. And while they'll make lavish projections of the profits ahead of you, they rarely pay off on those promises. *Very* rare is the artist who manages to get his auditor to go over their books. In every such case that I've heard of, the studios have been cooking the books.

      Cooking the books might be an overstatement. Sometimes I believe that they used vague language that lent itself to an interpretation favorable to the artist, but legally could be interpreted in the way that the studios were doing. (But this wasn't always the case. In most of the cases that I've heard of the studios were found at fault. I never heard that this lead to criminal charges, though it clearly should have.)

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    48. Re:The vicious last bites of a wounded animal by ehrichweiss · · Score: 1

      That's awesome!! I've been a Camper Van Beethoven/Cracker fan since the late 80's(early 90's for Cracker). I've seen them 3 times on their latest tours through the area. I'm reading that article right now. David(and the rest of CVB) allow taping of their shows which puts them up there with some of the best bands, IMNSHO.

      --
      0x09F911029D74E35BD84156C5635688C0
    49. Re:The vicious last bites of a wounded animal by SunTzuWarmaster · · Score: 1

      God forbid that artists write new music and take it to a non-RIAA source. Yes, the RIAA holds the copyrights on all of the 'works for hire', but they can still write new music, retain the copyright, and sign Amazon (or iTunes) to distribute it.

    50. Re:The vicious last bites of a wounded animal by elrous0 · · Score: 1

      Yeah, but new faces always have the choice of not signing with the studio in the first place. And without an influx of new talent, even the best studio will start to atrophy. And, of course, contracts with established talents do occasionally expire.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    51. Re:The vicious last bites of a wounded animal by FromTheAir · · Score: 1

      Yes an monopoly corporate will lose there control over popular communication by controlling artists. The world is 90% fiction and the systems are built on this. As awareness becomes all pervading the old systems will collapse. We already see this.

      --
      "an infinite player that has lost his finite mind" ~Infinite Play the Movie (it blends with reality)
    52. Re:The vicious last bites of a wounded animal by HiThere · · Score: 1

      As I previously responded to this "There's a sucker born every minute".

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    53. Re:The vicious last bites of a wounded animal by Anonymous Coward · · Score: 0

      Lame example and nobody listens to them.

      Why are all the examples of artist usually ones where they have made all their fortune and fame already or usually some no name indie band whose music honestly sucks.

      Do you nerds know anything besides electronic music and indie crap.

    54. Re:The vicious last bites of a wounded animal by MacWiz · · Score: 1

      Even if you listed 1000, I'm sure it would be something like a tiny single digit percentage (or less) of the total artists on labels...

      I'd bet that 1,000 acts would be about 20 percent of the total roster. EMI had less than 1,000 acts two downsizings ago. According to Time, the industry is down to an average of 12,000 releases a year and quite a few of them are compilations.

    55. Re:The vicious last bites of a wounded animal by burgundysizzle · · Score: 1

      See http://www.amiestreet.com/ for mp3 version of NIN songs for sale legally, max price 98c lots of songs less than 98c at the moment.

    56. Re:The vicious last bites of a wounded animal by brianosaurus · · Score: 1

      The recording companies only own the copyrights to the recordings of the artists' work. I mean, I think. I suppose it really depends on how much the artist got screwed on the contract. If the performer is the songwriter, they can still play their own songs (maybe they have to join ASCAP?). They just can't lip-sync to their CDs without having to pay royalties back to the recording company that screwed them over in the first place.

      --
      blog
    57. Re:The vicious last bites of a wounded animal by mboverload · · Score: 1

      I didn't know that concept even existed. I thought businesses just eventually died out and didn't have a way to "give up".

      I thought they went to bankruptcy and then either liquidate their holdings or have their worth so low a competitor buys them out.

      Could you show me any examples of a company doing this? (not just a division) I find this pretty interesting.

    58. Re:The vicious last bites of a wounded animal by mboverload · · Score: 1

      > You diversify into other businesses.

      What are they going to do? Sell books of lyrics? =D

    59. Re:The vicious last bites of a wounded animal by marcosdumay · · Score: 1

      Yes, but they'll never be allowed to perform any of the musics that made them sucessfull again. What will they do when the public ask for an old song during a show?

    60. Re:The vicious last bites of a wounded animal by CodeBuster · · Score: 1

      How about getting into the concert support and staging business (i.e. setting up the venues, managing the production, selling the tickets, and all of the other stuff associated with that business) on a world wide scale? Perhaps, developing their own download service or at least cutting a deal with iTunes (some additional profit is better than no additional profit if you are in the business anyway). If none of these things are profitable enough to justify continuing a large scale global music label then I would recommend to the board that the company be liquidated and the value returned to the shareholders or the whoever the owners are. There is nothing wrong with getting out of an unprofitable business. Sometimes as an investor or an owner, you have to know when it is time to quit and move on to greener pastures instead of riding the sinking ship all the way to the bottom, destroying recoverable value at every step along the way.

  2. so, what would Fool say about our Friend by yagu · · Score: 0, Offtopic

    So, what might the Fool say about our Friend, Microsoft, which in the last year has at least put forth the specter of litigation in light of its agreement with Novell. Yes, they've assured the community they won't litigate, but only if within the imprimatur of Novell's "version" of open source. This, coupled with a seemingly possible failure of Vista, reviewed by many as lacking in innovation. Could these be first signs of another failing "industry"?

    1. Re:so, what would Fool say about our Friend by techpawn · · Score: 2, Informative

      Could these be first signs of another failing "industry"?
      It's signs of an evil company, not a failing industry. When the industry as a whole fights new innovation with lawsuits against individuals rather than adapt THEN it would be a failing industry.
      --
      Ask not what you can do for your country. Ask what your country did to you
    2. Re:so, what would Fool say about our Friend by Score+Whore · · Score: 2, Interesting

      What does that say about the GPL and various developers who have threatened to sue companies that might be violating the license?

    3. Re:so, what would Fool say about our Friend by sm62704 · · Score: 4, Insightful

      These guys (disclaimer: I'm not one of them and in fact haven't owned any stock for over 20 years) always say that you should pick a stock with a dividends to price ratio if ten to one or better.

      Microsoft, the last I heard, pays no dividends.

      So I think MS is probably a "stock for fools". If you buy a stock with the expectation of its price rising, you're gambling, not investing. That's not to say that gambling that Mars won't explode in the next two weeks isn't a good bet; some gambles are worthwhile.

      As to the record companies, DUH! You don't need an expert to tell you that a company whose sales have been falling for over five years is a turkey.

      --
      mcgrew's razor: Never attribute to stupidity that which can be explained by greedy self-interest
    4. Re:so, what would Fool say about our Friend by Pojut · · Score: 2, Interesting

      Maybe I am buying into their crap, or maybe I'm right...who knows. But out of all the companies in the past 20 years that I have seen making huge mistakes, Microsoft is one of the few companies I have seen that is actually at least ATTEMPTING to correct their problems. They are still going about things in a very asshatish way, but I think they are realizing that they are not the invincible juggernaut that they once thought they were.

      Of course, the other problem they have is that even when they do make good gestures, many in the IT industry still see them as dicks. Can't please everyone, I suppose...

    5. Re:so, what would Fool say about our Friend by fotbr · · Score: 4, Insightful

      I doubt he'd say much.

      RIAA: track record of suing their own customers, based on "evidence" gathered via pretty shady means
      MS: doesn't regularly sue their own customers (their competitors, sure, but not random joe off the street)

      Failure of vista: Not the only money maker that MS has. Also not their only market.
      Failure of music sales: only thing the riaa has.

    6. Re:so, what would Fool say about our Friend by xubu_caapn · · Score: 1

      that means nothing because thats the purpose of the GPL :) as long as they are legitimate lawsuits of course.

      --
      FYI: I don't know what you guys are talking about half the time.
    7. Re:so, what would Fool say about our Friend by Mr.+Underbridge · · Score: 2, Insightful

      Microsoft, the last I heard, pays no dividends.

      No longer true, I believe because they got sick of answering the questions you pose in your post. ;)

      From http://www.microsoft.com/msft/FAQ/dividend.mspx: "Microsoft pays a quarterly dividend of $0.11 per share. Beginning in Fiscal Year 2005, Microsoft shifted from paying an annual dividend to a quarterly dividend."

      So I think MS is probably a "stock for fools". If you buy a stock with the expectation of its price rising, you're gambling, not investing. That's not to say that gambling that Mars won't explode in the next two weeks isn't a good bet; some gambles are worthwhile.

      As an aside, I think TMF has moved away from that sort of stance. Look at it this way - if I'm a long term invester (and it's better to be), then I don't need the dividend now. What would I do? Probably re-invest it. If I believe in the company enough to own their stock, I'd rather they didn't pay me the dividend, which I'd just re-invest, because (I think) if my investment isn't tax-protected that's actually better from a tax perspective. I don't want to be taxed on the dividends now while I'm working and presumably in a higher bracket, I'd rather be taxed on them later at the long-term cap gains rate.

    8. Re:so, what would Fool say about our Friend by Neuropol · · Score: 2, Insightful

      "Could these be first signs of another failing "industry"?"

      I'd say yes, but I think it's been dying for a long time now. More than a decade perhaps. Since the advent of mp3.com (the original - R.I.P.) and the ability for independent musicians to completely circumvent the rigors of major-label-pole-smoking. In terms of recording, production, and distribution bands have quickly adapted to the medium by which they can deliver the latest to the masses literally years faster than most major labels can. In almost all cases, faster than what a label can provide due to legal mumbo-jumbo that bands are required to go through before any thing moves forward in terms of contracts, tour support, and record sales projections and demands. Unless your 'label-made' like 99% of top 40 artists - born in the offices of label heads and marketing strategists, the wait has been over for a while now. The stone chunks are being taken out of the proverbial great wall of music put up by labels that had essentially created their disgustingly comfortable niche. It's close to being fully dismantled. For the sake of good Music, the sooner the better.

      Music industry is big business. Huge in fact. It's laid many a great band to ruin in it's wake. And any thing that can crop it off at the knees is okay in my book.

    9. Re:so, what would Fool say about our Friend by Anonymous Coward · · Score: 0

      They're not _customers_. It's one thing to sue someone who has infringed on your copyright (GPL violator), quite another to sue a real customer who is acting in good faith.

    10. Re:so, what would Fool say about our Friend by Neotrantor · · Score: 0

      thats breach of contract, which should be looked upon as legitimate.

    11. Re:so, what would Fool say about our Friend by samkass · · Score: 1

      I think it is a sign of a faltering, if not failing, industry. In this case, it's a sign that the profit margins upon which the industry is built are extremely fragile and unlikely to last. I don't doubt that the music industry could be profitable selling music substantially cheaper (ie. at a rate the market would naturally bear without lawsuits), but you wouldn't get nearly as much revenue. But every lawsuit increases ill will and a desire to "stick it to the man" (with the "man" in this analogy being the record labels), causing a further decline in the price the market would naturally bear.

      --
      E pluribus unum
    12. Re:so, what would Fool say about our Friend by UncleTogie · · Score: 1

      Of course, the other problem they have is that even when they do make good gestures, many in the IT industry still see them as dicks.

      Ok, I'll bite. Which "good gestures" has Microsoft made that've been misinterpreted?

      --
      Don't tell me to get a life. I'm a gamer; I have LOTS of lives!
    13. Re:so, what would Fool say about our Friend by Locklin · · Score: 1

      The RIAA doesn't sell music. They are a "trade group" representing several major record labels, ie, they are a group of lawyers providing legal services to the big-label cartel. As long as the big record labels continue to pay the RIAA to sue customers, pay off politicians, and eliminate competition, then the RIAA is giving it's customers exactly what they want.

      --
      "Knowledge is the only instrument of production that is not subject to diminishing returns" -Journal of Political Econom
    14. Re:so, what would Fool say about our Friend by Anonymous Coward · · Score: 0

      I can't speak for the gp, but I guess one could claim that IE7 attempting to be more complaint is an example of Microsoft trying. Then again, one can show dozens of examples through 2007 where they have done the complete opposite.

    15. Re:so, what would Fool say about our Friend by Anonymous Coward · · Score: 0

      The income tax on dividends was changed to bring it in line with the tax on long term capital gains. Economically they are the same thing, and having different tax treatment forced companies to retain their earnings instead of returning them to their shareholders.

      see, eg
      http://en.wikipedia.org/wiki/Dividend_tax

    16. Re:so, what would Fool say about our Friend by dezert_fox · · Score: 0, Redundant

      MSFT does pay a dividend, $0.11/qtr. http://finance.google.com/finance?q=NASDAQ%3AMSFT

    17. Re:so, what would Fool say about our Friend by fotbr · · Score: 1

      True. I should have said "record companies" instead of the RIAA.

    18. Re:so, what would Fool say about our Friend by ErroneousBee · · Score: 1

      These guys (disclaimer: I'm not one of them and in fact haven't owned any stock for over 20 years) always say that you should pick a stock with a dividends to price ratio if ten to one or better.

      TMF employs several contributors who espouse several differnt investment approaches, and also runs many discussion boards where many investment strategies are discussed.

      Many of the strategies are yield or value based, and indeed Microsoft (or any other company trading at a high P/E) would be unlikely to appear as a recommended share for HYP or value strategies.

      Some strategies are growth based, which means looking at companies and analysing whether they are likely to improve profits. It is entirely feasible that MSFT would get recommended at some point by TMF followers of growth or recovery strategies. However, most growth strategies focus on small companies as these are simpler to analyse.

      FWIW, I have an HYP portfolio as proposed by TMFPyad on the Fool UK site.

      --
      **TODO** Steal someone elses sig.
    19. Re:so, what would Fool say about our Friend by larry+bagina · · Score: 1

      A 10-1 price to dividend means it has a 10% yield. That's junk bond territory. I own high yield funds and preferred stocks that pay in the 7-10% range, but that's for monthly income; growth is pretty much non-existant. Not exactly MF territory.

      PS - MSFT does pay a dividend.

      --
      Do you even lift?

      These aren't the 'roids you're looking for.

    20. Re:so, what would Fool say about our Friend by Anonymous Coward · · Score: 0

      The dividend is small, given the stock price. But the real issue is dilution. The value of MS stock bought on the market is diluted by the stock given as options to the MS insiders. MS then uses earnings to buy the options stock back, thus transferring those earnings to the MS insiders.

    21. Re:so, what would Fool say about our Friend by Anonymous Coward · · Score: 0

      > Microsoft, the last I heard, pays no dividends.

      Time to update your knowledge:
      http://www.microsoft.com/msft/FAQ/dividend.mspx
      click "What is Microsoft's dividend history?"

    22. Re:so, what would Fool say about our Friend by edwardpickman · · Score: 2, Interesting

      So Vista was an "attempt" to fix XP and the Firewall from hell was an "attempt" to secure the OS? Since Service Pack 2 on XP every time I install a component or piece of software Microsoft rebricks my computer. As near as I can tell they're approach to security is deny all actions then you don't have to worry about plugging holes. Sorry but kiss the puppy it's hard for me to wrap my head around the idea that deep down Microsoft are a bunch of white hat softies. Microsoft has been a bully for a long time and being a bully makes you paranoid. Even with profits going up every year they still see all the competitors as talking food from their mouths. They'd try to run Apple out of the computer business but remember Apple was their shining example of why they weren't a monopoly. They see Apple as the devil they have to live with they just don't want them to gain market share. If they openly attack Apple they risk another court judgement, not that the last one had any affect. Instead they chip away making things not quite compatible and play dumb. All Microsoft is "attempting" to do is line their pockets. So are most companies Microsoft just tends to be more anticompetitive than most.

    23. Re:so, what would Fool say about our Friend by larry+bagina · · Score: 1

      Qualified dividends (more or less all dividends if you're a long term investor) are taxed at a 15% rate. The LTCG rate will increase to 20% in 2011 (most likely sooner and higher if a democrat is President).

      --
      Do you even lift?

      These aren't the 'roids you're looking for.

    24. Re:so, what would Fool say about our Friend by Lord+Ender · · Score: 1

      It is no wonder you haven't owned stock in 20 years--you don't know what you are talking about.

      First, MSFT does pay a dividend. Second, the Fools have changed their favored stock screener many times. Today it is something called CAPS, not "dividend price ratio," whatever that is. Third, dividends most certainly are NOT the only way to make money in stocks without "gambling." Dividends can be cut, book values, revenues, and expenses can rise and fall, ALL of these things affect the value of a company. A stock with a Price/Book of less than 1 is would make you money if it paid no dividend.

      All investments involve risks. Unless your mind considers the word "investment" to be synonymous with "gamble" then you can't fairly say stocks without dividends are just gambling.

      One more thing: Today, The Motley Fool has degenerated into nothing but a stock-spam company. They send several emails per week with subjects such as "this investment has a guaranteed 4000% return!" and "buy this before the market crashes!" I wouldn't take any investing advice from fools who peddle hyperbolic junk mail like that.

      --
      A slashdotter who didn't build his own computer is like a Jedi who didn't build his own lightsaber.
    25. Re:so, what would Fool say about our Friend by jcr · · Score: 1

      " If you buy a stock with the expectation of its price rising, you're gambling, not investing. "

      That's nonsense. If you buy a with a reasonable expectation of continued growth, it's an investment like any other equity purchase. If you put your money in without any research, then it's gambling, whether the company pays a dividend or not.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
    26. Re:so, what would Fool say about our Friend by UncleTogie · · Score: 1

      I can't speak for the gp, but I guess one could claim that IE7 attempting to be more complaint is an example of Microsoft trying.

      That example, in particular, brought Yoda to mind:

      "Do, or do not. There is no 'try.'"

      If they were serious, they'd make compliance with standards a priority, rather than bribing to make their implementation a standard.

      --
      Don't tell me to get a life. I'm a gamer; I have LOTS of lives!
    27. Re:so, what would Fool say about our Friend by Raistlin77 · · Score: 1

      The RIAA is acting on behalf of its customers to sue its customers' customers. You can try to nit-pick with technicalities all you want, but the plain and simple fact of the matter is that big recording labels (via their PAID representatives, the RIAA) are suing their own customers.

    28. Re:so, what would Fool say about our Friend by the_humeister · · Score: 1

      Sorry to burst your bubble, but Microsoft does pay a dividend. In fact, several years ago, they also paid a special dividend of $3/share to unload parts of the $40 billion hoard that people were criticizing them for keeping.

    29. Re:so, what would Fool say about our Friend by cayenne8 · · Score: 1
      "One more thing: Today, The Motley Fool has degenerated into nothing but a stock-spam company. They send several emails per week with subjects such as "this investment has a guaranteed 4000% return!" and "buy this before the market crashes!" I wouldn't take any investing advice from fools who peddle hyperbolic junk mail like that."

      They used to be a good source, tho?

      Where would you recommend that a person go now for the kind of good insight and learning tools that MF used to be?

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    30. Re:so, what would Fool say about our Friend by Score+Whore · · Score: 1

      Given that the RIAA has not sued anyone who has just ripped their CDs and uploaded to their iPods, I would suggest that your comment is erroneous.

    31. Re:so, what would Fool say about our Friend by Rich0 · · Score: 1

      If you buy a stock with the expectation of its price rising, you're gambling, not investing.

      Stock growth and dividends are both perfectly acceptable forms of investment appreciation, and they both have a solid basis in reality (ie tangible wealth).

      If a company has money they don't have anything better to do with, they can return it to investors in a dividend. That's cash in your pocket - it doesn't get more tangible than that.

      Stock price growth is a little more nebulous, but it is fundamentally based in reality (even if it is subject to bubbles/speculation/etc). Here's an analogy:

      I start a company and take it public from day 1. Based on my reputation alone I sell 10M shares for $10 each. Those shares at that moment in time have a book value of $10 each - as the company holds $100M in cash, and in the event the company is dissolved that gets split amongst the shareholders (minus obvious inefficiencies like lawyer bills/etc).

      Now, I buy a factory and raw materials and make some products and sell them. I spend $50M and in a year I make back $150M. Now I have maybe $30M in tangible assets, and about $200M in cash. I could spend $100M and give all the shareholders $10 each in dividends. However, even if I don't the book price of the company is about $24/share - so that part of the stock price is 100% backed by assets. In fact, if I do give out a $10 dividend the book price of the stock falls instantly by that $10.

      Dividends really just give back to stockholders money they already own - just in a different form. An ideal company wouldn't pay any dividends since it could probably make better use of the money itself - and stockholders would get the same value from their appreciating shares. The dividend can actually be a cost to sharedholders, since it FORCES them to realize a gain that they might have wanted to defer and which they could have deferred if the money went back into the company.

      Dividends really ought to be used only for money that companies don't have a better use for. However, it seems like they've become more of a symbol of blue-chip stability and so companies pay them - even if they could use the cash themselves.

    32. Re:so, what would Fool say about our Friend by illumin8 · · Score: 1

      These guys (disclaimer: I'm not one of them and in fact haven't owned any stock for over 20 years) always say that you should pick a stock with a dividends to price ratio if ten to one or better.

      Microsoft, the last I heard, pays no dividends.
      You got it wrong. They recommend not purchasing stocks with a Price to Earnings ratio (P/E) of greater than 10. That means the valuation of the stock (total shares outstanding * share price) should not be more than 10 times what they earn. This is pretty good advice as we saw during the .com days. Some .coms were ridiculously overvalued at 50-60 or more P/E. A company that has no products or services, and somehow has stock worth billions is not a very good investment.

      Microsoft, for what it's worth, has a P/E of 23.10 when I just checked. It might be overvalued, but it's hard to say. Perhaps the investors feel it's undervalued and that Vista just hasn't taken off yet (I know, I'm laughing just writing that)... who knows?
      --
      "When the president does it, that means it's not illegal." - Richard M. Nixon
    33. Re:so, what would Fool say about our Friend by sm62704 · · Score: 1

      if I'm a long term invester (and it's better to be), then I don't need the dividend now. What would I do? Probably re-invest it. If I believe in the company enough to own their stock, I'd rather they didn't pay me the dividend, which I'd just re-invest, because (I think) if my investment isn't tax-protected that's actually better from a tax perspective.

      That's one of the many things wrong with our tax system. IMO, forst of all dividensds and Capital Gains should be taxed as income, at the same rate as if you were working for a living at some shitty job.

      Second, if you reinvest your dividends they shouldn't be taxed.

      --
      mcgrew's razor: Never attribute to stupidity that which can be explained by greedy self-interest
    34. Re:so, what would Fool say about our Friend by Swampash · · Score: 1

      So I think MS is probably a "stock for fools".

      Of course it is. The stock has underperformed the market for the better part of a decade. From an investment point of view, Microsoft has tanked steadily since 2000.

  3. Sounds familiar by Mick+Ohrberg · · Score: 4, Interesting

    [...] rather litigate than innovate [...]
    Now where have I heard that before... Oh, that's right. SCO. And look where they're at...
    --

    Quidquid latine dictum sit, altum sonatur.

    1. Re:Sounds familiar by Dr_Art · · Score: 1

      Is Microsoft funding the RIAA as well? :-)

      Regards,
      Art

    2. Re:Sounds familiar by garcia · · Score: 3, Insightful

      Now where have I heard that before... Oh, that's right. SCO. And look where they're at...

      Yeah, but they didn't have much to market and a very small group that they could actually market their products (invented or real) to. SCO had to invent the "Pay us for Linux or we'll sue later" shit in order to have something that some companies would actually be willing to pay them for.

      Those involved with the RIAA still have a product that is mass marketable and that plenty of people will continue to purchase. Just because the Slashbotters (me included on this one) refuse to support RIAA music doesn't mean that anyone else really gives a shit. Yes, artists are starting to come around and going around the RIAA by distributing their music online, and it's working, but it's still not to the point where it's a 100% viable method to get your music out.

      It will be at least 5 years and more like 15 to 20 before we really see the fuckers die off -- as unfortunate as that is.

    3. Re:Sounds familiar by garcia · · Score: 2, Insightful

      Oh and I forgot to add:

      Because they own copyrights on already recorded music that people like and will continue to buy for the foreseeable future, they will continue to have viable income for at least another 125 years. So while they might start faltering in 20 they won't be dead until the copyrights run out. Problem is that they will never run out because we'll never get those douchebags in Washington to fix the mess they were paid to create.

    4. Re:Sounds familiar by darthflo · · Score: 1

      Old records don't sell too well, so reduced to the copyright sector their funds would be quite a bit smaller as compared to now. Without their current kind of liquidity their political weight would end after the terms of already bought politicians, lobby work couldn't be done as effectively as it is now. Consumer rights groups (supported by just about any somewhat intelligent lifeform) would have better chances to reform copyright to more sensible terms, killing off the big four's last income stream.
      Availability of massive financial resources is all that's keeping the RIAA alive now, without all the bribery they'll die quicker than you're able to take your next breath.

      Oh, if you should be right about never being able to convince the "douchebags in Washington to fix the mess they were paid to create": Step down from your soap box, skip ballot and jury and help yourself to some ammo already. The American system could really use a makeover, be it thru the 2008 elections or ... a bit more direct. :)

    5. Re:Sounds familiar by Drewmeister · · Score: 2, Funny

      "Now where have I heard that before... Oh, that's right. SCO. And look where they're at..." Who?

    6. Re:Sounds familiar by AmberBlackCat · · Score: 2, Insightful

      Don't forget, SCO was threatening rich corporations while the RIAA is threatening poor humans.

  4. Trade Associations Gone Wild! by Presto+Vivace · · Score: 5, Funny

    I guess the sue your customer business model isn't working out for them. Who knew?

    1. Re:Trade Associations Gone Wild! by Anonymous Coward · · Score: 0

      I am not sure whether that was more funny or insightful.

    2. Re:Trade Associations Gone Wild! by mea37 · · Score: 5, Interesting

      Or rather the columnist believes that's the business model they're now in and predicts it won't work well for them.

      The inference people here seem to be drawing (that the labels are in trouble because of the lawsuits) resonates well -- we want to believe that kind of justice works in the market -- but really it has the cause and effect reversed. Sales dropped first, then the law suits started.

      Now, the thesis is correct in so far as "sue the customer" is not a productive response to an adverse market. They continue to spiral not because they file the lawsuits, but because meanwhile they do nothing to address the orignal failure of their position in the market.

      The "ripping mp3s is unauthorized" angle is FUD all around, though. FUD on the RIAA for using that wording in the first place (yes it's unauthorized, in the same sense that I'm not authorizing you to disagree with my post), and FUD on everyone who cites this as the moment where the RIAA calls all users thieves.

      Now, sure, the bad press from the lawsuits doesn't help the RIAA... among the small part of the market that sees what's going on and cares. Don't get me wrong, I'm among that small part of the market (not anti-copyright, not convinced that everything the RIAA says is wrong, but on the whole opposed to their actions over the past few years); but don't be fooled into thinking that slashdot is the world.

      As to the investment point of view... yeah, to a point, I wouldn't want to be putting money behind the major labels right now. But Sony? What would be the total impact on Sony if their record label arm spun off or died out completely?

    3. Re:Trade Associations Gone Wild! by Billosaur · · Score: 1

      It's not really a business model, as they are still trying to do business the old-fashioned way, and that's where they are getting into trouble. They've failed to realize that the Internet has allowed a music artist to move beyond the need for a big-name music company to "discover" them. An artist can now produce their own music, create their own artwork, package and distribute their own material, and place it such that it's easily accessible by their fans. Their fans provide the publicity by blogging and cross-linking to the artist's site, and the rest is history. Mind you, this hasn't happened with major bands yet, though their are signs (Radiohead, Madonna, etc.) that the old model is cracking under the pressure from the Internet.

      The lawsuits are the vain attempt to re-legitimize their current business model as the only way you can publish popular music, and that very act is what will cause its eventual destruction.

      --
      GetOuttaMySpace - The Anti-Social Network
    4. Re:Trade Associations Gone Wild! by Beyond_GoodandEvil · · Score: 1

      But Sony? What would be the total impact on Sony if their record label arm spun off or died out completely?
      You're right the record label arm is totally dragging down the highly profitable blu-ray division. Now, all kidding aside, if the consumer electronics part could divorce itself from the entertainment part, then perhaps Sony could go back to making consumer electronics that didn't suck.

      --
      I laughed at the weak who considered themselves good because they lacked claws.
    5. Re:Trade Associations Gone Wild! by Anonymous Coward · · Score: 0
      but really it has the cause and effect reversed. Sales dropped first, then the law suits started.

      The world has changed. They no longer enjoy the absurd position of being able to charge a lot of money for whatever they wanted to sell. The whole industry was designed to take advantage of young people who "needed" to have whatever is cool more than they needed the hundreds of dollars a year buying it.

      So they need to change their business model, and they have. But they made the wrong change, thinking they can force things to be they way they were before.

      Does *anybody* pull out their old Britney Spears records and listen to them for the wonderful music? Of course not. That's not why they bought them in the first place.

    6. Re:Trade Associations Gone Wild! by SomeoneGotMyNick · · Score: 1

      They no longer enjoy the absurd position of being able to charge a lot of money for whatever they wanted to sell. The whole industry was designed to take advantage of young people who "needed" to have whatever is cool more than they needed the hundreds of dollars a year buying it. As much as I'd like to see the RIAA model burn to ashes, I still have take note that the War on Drugs is working, too......
    7. Re:Trade Associations Gone Wild! by Aladrin · · Score: 1

      They don't have cause an effect reversed, and neither do you. It's a cycle and that was the wrong choice for them. Suing your customers really will result in fewer customers, and choosing to sue your customers was one of the options they had after poor sales.

      But I don't for a second believe that's -why- they are suing. Even if sales were good, they would -still- be suing to attempt to gain every penny they could and rid the world of 'piracy'. It's doomed to fail, but they can't see that.

      --
      "If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you." - DM
    8. Re:Trade Associations Gone Wild! by Anonymous Coward · · Score: 0

      What Sony was in a unique position to do was distribute digital music as a loss leader to drive their consumer electronics (and especially Walkman) sales.

      What they did instead was kill the Walkman, leaving that market to Apple, so as to not jeopardise their entertainment revenue (right).

      Sure hindsight is 20/20, and other RIAA members did not have that option, but Sony *did* have a choice to make, picked what was already back then arguably the wrong option, and they didn't even hedge against it by making *good* mp3 players. Now they can't even do what they should have done, because the money would go to Apple. Idiots.

    9. Re:Trade Associations Gone Wild! by CodeBuster · · Score: 1

      But Sony? What would be the total impact on Sony if their record label arm spun off or died out completely? More than you might think. The electronics side of the business is facing increasingly strong third party competition in what used to be franchise markets for Sony, especially televisions and portable music players. In fact, I would argue that the restrictions demanded by the music side of their business on the electronics side of their business (i.e. Sony only DRM) is accelerating their slide into the status of "just another manufacturer in an increasingly commoditized business". If I had to pick a Japanese company to invest in then I would much prefer Toyota to Sony.
    10. Re:Trade Associations Gone Wild! by mea37 · · Score: 1

      They don't have cause an effect reversed, and neither do you. It's a cycle.
      [. . .]
      Suing your customers really will result in fewer customers


      Well, if you are perceived to be suing your customers indiscriminately, that will result in fewer customers. What the labels are trying to do is to sue a small minority of customers while convincing the rest that (1) the ones they're suing had it coming, and (2) any "good" customer won't become a target later. If you do that successfully it has at most a negligible effect on your customer base. The PR is the thing. And yes, if you look only at slashdot, it appears as though they're losing the PR angle; but if you look at the market as a whole... I can't say I've seen any mass market reaction against the legal campaign.

      Regardless, in human activities even cycles start somewhere. The sales drops came first, so that is the cause.

    11. Re:Trade Associations Gone Wild! by ultranova · · Score: 1

      The "ripping mp3s is unauthorized" angle is FUD all around, though. FUD on the RIAA for using that wording in the first place (yes it's unauthorized, in the same sense that I'm not authorizing you to disagree with my post), and FUD on everyone who cites this as the moment where the RIAA calls all users thieves.

      Ripping CD's to MP3's is authorized by the fair use exception of the copyright law, while me disagreeing with you and making this disagreement public is authorized by the First Amendment of US Constitution (or would be, if I was a US citizen, which I'm not, but that's besides the point). So no, it isn't misleading FUD, but rather an outright lie.

      Disclaimer: I am not a lawyer. This is not legal advice.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    12. Re:Trade Associations Gone Wild! by mea37 · · Score: 1

      Ripping CD's to MP3's is authorized by the fair use exception of the copyright law

      That's not what "authorized" means in this context. Ripping to mp3 is legal, but it is not necessarily authorized. It is, in fact, legal without authorization -- a category the existance of which the RIAA would like everyone to forget.

    13. Re:Trade Associations Gone Wild! by sjames · · Score: 1

      I can't say I've seen any mass market reaction against the legal campaign.

      It's delayed due to a lack of coverage on the so-called news, but it's getting there, especially now that they've decided to shoot themselves in the foot with both hands by going on a rant about ripping to an MP3 player. The issue is now coming up on fanboards as well as geek sites. Some of the artists are speaking out about it now, and that will get it into the minds of their fans as well.

      If the RIAA stopped right now and said they're sorry,they might avoid a real PR disaster, but they show no signs of waking up. Even worse for them, they WANT everyone to know about it! The more 'successful' they are getting their message out there, the worse it will get for them. A few RIAA members are backing away and the Fool suggests investors do so as well. That's not because there is a PR disaster now, but because they can see the train wreck coming. By the time it becomes obvious and known to the general public it'll be far too late for the RIAA to do anything but stare like a deer in the headlights.

  5. Shared Folder? by Anonymous Coward · · Score: 4, Interesting

    I wonder how they define a shared folder? I'd imagine an shared folder to them is any folder on a computer that is connected to the internet, WAN or LAN, has a CD or DVD burner in it, has any kind of magnetic removable drive, or any computer in which the hard drive can be removed.

    1. Re:Shared Folder? by jcaldwel · · Score: 2, Interesting

      I wonder how they define a shared folder?

      Any letter drive under Windows.

    2. Re:Shared Folder? by westlake · · Score: 2, Insightful
      I wonder how they define a shared folder?

      I'll take a wild guess and say that they define a shared folder as the shared files folder used by your P2P client.

    3. Re:Shared Folder? by 91degrees · · Score: 1

      That was the case in Atlantic V. Howell

    4. Re:Shared Folder? by mea37 · · Score: 3, Insightful

      And Atlantic V. Howell is the context of this story. See how neatly that works out?

      It's also been the definition they used in other cases. I don't know whether they think the term explains itself, or whether they're deliberately using vague wording for some reason... or maybe they do define their meaning clearly somewhere and I haven't seen it.

      In any case, I think in the long run it's in their own interest to be clear and to use a narrow definition that requires not only shared access but also indexing / notification of availability that facilitates unauthorized copying (in the "actually illegal because it's unauthorized" sense).

    5. Re:Shared Folder? by Anonymous Coward · · Score: 0

      Any folder where protections are not d--------

  6. Heh by ilovegeorgebush · · Score: 2, Interesting

    I've personally never thought - during all this suggestion from various websites - that the Music industry will ever die. In fact, I just think that the current status is a precursor to it revamping itself and embracing the digital era.

    The more I read things like this though, the more it seems the downfall of such companies could actually happen. I kinda like it, too. It rumbles in my belly...

    1. Re:Heh by Dystopian+Rebel · · Score: 1

      I've personally never thought - during all this suggestion from various websites - that the Music industry will ever die.

      Music will live on. The Music Industry will go the way of the Telex. A sea-change in technology left it a business model without a business.
      --
      Rich And Stupid is not so bad as Working For Rich And Stupid.
    2. Re:Heh by ajs · · Score: 2, Insightful

      The more I read things like this though, the more it seems the downfall of such companies could actually happen. I kinda like it, too. It rumbles in my belly... No, the industry isn't going anywhere. There are some large companies that will likely be shaken up, broken up or re-build as a result of change, but the fundamentals of the music industry are sound. People do want to buy music, it's just that a) the prices have become obscene while the technology has commoditized the "song" b) it's well known that buying music doesn't support artists because of predatory contractual bondage that they must accept from the publishers c) good music (which I define as any music that requires creativity and originality to create) is frequently under-promoted or squelched entirely in favor of over-produced, formula-driven, focus-grouped noise that I'm increasingly convinced is authored by software.

      I'd like to see the total devaluation of the "song" and instead a resurgence of routine live performances in public places (stores, plazas, etc.) This is the way it used to be. You never went into a large store (and even most small ones) or a good restaurant without seeing a live performer. I think that would really help the industry transition from this plastic-stamping model to a more service-oriented model where the product isn't a thing, but a performer.

    3. Re:Heh by MightyMartian · · Score: 2, Interesting

      I don't think the song is the problem. Prior to the emergence of the long-play record, it was all about the song. 78s and 45s could only fit a limited number of songs on them, and so was born the idea of the "single". Some guys, like Phil Spector and Brian Wilson, basically built careers around the single. They spent fortunes creating two and three minute songs, because you could make a lot of money off a single.

      The long-play was attractive because a) it wasn't that much more expensive to manufacture b) generally the costs of producing it were all up front and c) the record companies could charge a lot more money for it. Unfortunately the LP (and its truly overpriced descendant the Audio CD) is a rather difficult thing to stack with good music. A good portion of the albums out there really aren't all that good. A few good single-worthy songs with less impressive filler. But from the mid 1960s until today the record album has been the major source of revenue for record companies, with singles fading away.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    4. Re:Heh by badasscat · · Score: 1

      I think you're close, but not quite there.

      You're right in that the music industry is not going away, and those who think it is had better be careful what they wish for. Somebody needs to promote, market, and publish music - that is too much to ask any band to do by themselves. Anyone who doesn't think it's a huge amount of work involving dozens of people for each band just doesn't know anything about anything. No band could take that all on themselves - that's *why* most great bands languish in obscurity until they get signed. They're doing all they can already booking and playing small local clubs while they write and record music and probably maintain real jobs at the same time. Record labels are a necessary evil.

      But there will be consolidation and "shrinkage", and the music industry in 2020 will probably look pretty different than the industry today. There might not be a whole lot of difference anymore between a "major" and an "indie" label - already you hear EMI referred to as "the world's largest indie", and eventually they'll probably all be around that same size. They'll offer fewer services and they'll be less important to their parent companies, so freer to do more inventive things.

      I also think there is going to need to be a de-emphasis on selling products and a new emphasis on live performances (this is really a return to music's natural state), so I agree with you to a point on that. But the album and song are not going away either; people want to have that music to listen to at home. I actually think we might eventually get to a point where most albums are *of* live performances - where you go a concert, get a CD (or a memory card) made for you right there of the show you just saw, and that's your "album". (Of course, people who can't get tickets will want to listen to the music too, so there would still need to be some sort of master recording.) These new "360" deals with the record labels are already moving things in that direction, where the label takes more of an interest in concert tours and provides more support for them.

      The industry will evolve and change, but it's not going away. Nor should it.

    5. Re:Heh by DreamingReal · · Score: 1
      I've personally never thought - during all this suggestion from various websites - that the Music industry will ever die. In fact, I just think that the current status is a precursor to it revamping itself and embracing the digital era.

      I agree with you completely. I don't think the revamping will be limited to the delivery method of music either (CD vs. digital download). The RIAA is not only guilty of failure to innovate technically and economically but also in marketing, promotion, and properly identifying niche audiences. I recently finished reading Ian Christe's Sound of the Beast, an excellent history of heavy metal. He has a telling statistic towards the end that sums up the RIAA's troubles:

      Yet the best news for heavy metal comes from the bottom line. While overall music sales during the first half of 2003 declined 8.3 percent, the heavy metal and aggressive rock segment of the market bounded from 10.9 million units one year earlier to 36.2 million - a whopping upswing in sales of 232 percent, according to Nielsen SoundScan. The news comes during a period of rampant file-sharing and CD duplication, while the RIAA subpoenas private citizens for copyright abuses. As music business trendspotters proclaim the death of the industry at the hands of immoral MP3 pirates, metal fans uncover lost and forgotten favorites, revel in more free and paid music than ever before, and breathe new life into old-timers like Band and Thin Lizzy, sending them back on the road for the first time in decades.


      Interesting how statistics like these are never mentioned. I doubt many multi-platinum records will be produced by bands like Lamb of God, Children of Bodom, or Opeth. However, these bands have rabid, enthusiastic, and EXTREMELY loyal fans who will continue to buy CDs to support the music they love. The RIAA is not supporting these types of communities as well as independent labels such as Century Media and GUN Records are. They are still looking to manufacture trends and create the next multi-platinum acts.

      Unfortunately for the RIAA, that is increasingly a vestigial occurrence due to the internet. The major record companies are unable to cope with the greatest change beyond file-sharing: viral, grassroots word-of-mouth through the internet. This has made it possible to learn about new bands and genres of music without ever turning on the TV or radio and is the driving force behind the discovery of new music for many people. The RIAA have made it quite clear they see it as nothing more than an avenue for copyright infringement and have had an antagonistic relationship with the online community for over a decade now. This inability to deal with the lose of control over creating trends is the music industry's greatest failing. These lawsuits are nothing more than old men screaming "GET OFF MY LAWN" to the younger generations who find music their own ways and not as their parents once did.

      --
      We want some answers and all that we get
      Some kind of shit about a terrorist threat

      - Ministry
  7. This is probably the best thing to happen to them by cashman73 · · Score: 3, Insightful
    Seriously, I'm no fan of the **AA. But if more investment companies warn folks not to buy their stock, and since these guys seem to be motivated primarily by the almighty dollar, maybe if they see their stock shrivel up into nothingness and their retirement blasted into oblivion,. . . maybe they'll finally, "get the memo," that their 19th century strategy isn't exactly working out in the 21st century. All we need is for one of the big fish to declare bankrupcy, the and rest will see that and stop their litigous ways and actual get back to giving consumers what they want,... And if they don't, then f*ck 'em!

  8. Talking out both sides by emeb2 · · Score: 5, Informative
    A lot of discussion centers around the apparent change in the RIAA's position on ripping for personal use. With the recent change in their website removing language that suggests they're OK with it and the statements from the Washington Post article about 'steals one copy' it sounds like they're taking a harder stance on it. Meanwhile there is this article http://www.azcentral.com/arizonarepublic/local/articles/0103music0103.html which quotes a representative who says that it's not an issue.

    I suppose they want it both ways - keep people on the edge and they're easier to control or something.

    1. Re:Talking out both sides by mako1138 · · Score: 1

      It does seem like they want it both ways. Cary Sherman (RIAA prez) was on Talk of the Nation today and said as much. Something like "we won't say it's legal, but look, we haven't sued anyone over ripping CDs, so chill out".

      http://www.npr.org/templates/story/story.php?storyId=17814972

  9. Not like John Henry by Anonymous Coward · · Score: 5, Insightful

    Bad comparison! John Henry was a champion for the dignity of human work. He illustrated the very real danger of big business treating individuals as disposable ever since the industrial revolution. John Henry as the RIAA? Ridiculous.

    1. Re:Not like John Henry by Conspiracy_Of_Doves · · Score: 0, Offtopic

      Someone mod this up!

    2. Re:Not like John Henry by Anonymous Coward · · Score: 0

      and he was a steel drivin' man!

      Power to the workers! Down with the corporate oligarchy!

    3. Re:Not like John Henry by elrous0 · · Score: 5, Insightful
      No, he was a damned fool. Stubbornly digging your heals in, refusing to change, and fighting innovation to the bitter death isn't dignified and heroic. It's pathetic and stupid. It's like the old man who's afraid of computers, and who, instead of conquering his fears and adapting to the changing world, simply refuses to use them and becomes a goddamned living relic.

      If America were full of John Henry's, we'd have become a third-world backwater a long time ago.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    4. Re:Not like John Henry by Anonymous Coward · · Score: 0

      There's something to that, but you go too far. Not everybody is young and smart and capable of making their way in a chaotic free market. Labor unions can go too far too, but I'm not interested in going back to the days of the Robber Baron either.

    5. Re:Not like John Henry by c_forq · · Score: 1

      Damned fool for fighting to keep the jobs of himself and his coworkers? I would argue that you are a damned fool if you lay over and no longer put food on the plate for your family. This isn't something where he had the choice to switch from a typewriter to a computer, but a case where a machine was going to entirely replace him and others. For modern perspective look at the fight between labor and automation in the auto industry.

      --
      Computers allow humans to make mistakes at the fastest speeds known, with the possible exception of tequila and handguns
    6. Re:Not like John Henry by haystor · · Score: 1

      For every John Henry there was someone working just as hard to build a steam engine.

      --
      t
    7. Re:Not like John Henry by elrous0 · · Score: 2, Insightful

      Damned fool for fighting to keep the jobs of himself and his coworkers?

      No, he was a damned fool for not realizing that the era of hand-mining was coming to an end and looking for a new line of work. My great-grandfather was a coal miner back when it was booming. When it started to go out and the continuous miner came in, he went to work in a local textile plant--eventually rising to a pretty high level there before he retired. He made it possible for my grandfather to go to college. He didn't kill himself in a romantic stunt, he just adapted. That's the can-do spirit.

      John Henry is a romantic bit of fiction, nothing more.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    8. Re:Not like John Henry by cayenne8 · · Score: 2, Insightful
      "Damned fool for fighting to keep the jobs of himself and his coworkers? I would argue that you are a damned fool if you lay over and no longer put food on the plate for your family. This isn't something where he had the choice to switch from a typewriter to a computer, but a case where a machine was going to entirely replace him and others. For modern perspective look at the fight between labor and automation in the auto industry."

      I guess I miss your point.

      I see nothing wrong with a machine taking over for jobs...especially such as those in the automobile industry. It makes it where cars can be made more efficiently and with more build quality/consistancy. (No more worrying about buying a car made on Mon or Fri).

      Sure a person has to put food on the table, but, no one can ever consider their job is going to be around forever, especially today. You have to keep on the ball, and learning new things all the time. Chances are you will have to change jobs and careers more than a few times during your lifetime. That's just a fact of life.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    9. Re:Not like John Henry by dekemoose · · Score: 1

      > Damned fool for fighting to keep the jobs of himself and his coworkers?

      Yes. They were rendered irrelevant by new technologies. Happens all the time, your choices are to fight it or to adapt and get a new job. Those who fight it either a) Doom themselves to failure as industry passes them by or b) Doom their company to failure as industry passes it by. It may seem like it's easier for me to day than do, but I work in the tech industry and my job is under constant threat, so I have to keep myself updated.

      > For modern perspective look at the fight between labor and automation in the auto industry.

      Point in case. Just how is the auto industry doing in the US today?

    10. Re:Not like John Henry by jmorris42 · · Score: 1

      > Not everybody is young and smart and capable of making their way in a chaotic free market.

      This being slashdot and seeing the country as a whole is poised to start the process of picking out next president by choosing which socialist candidate's plan to nationalize the medical sector is best.... but I'm shocked anyway. Sorry, but if you actually don't want your freedom why don't you just go somehere already practicing socialism instead of working to hose the last best hope for liberty left on the planet? Canada is really close... and when you get sick you can hop back across the border.... for a little while longer.

      Freedom isn't free folks, and one of the prices that can't be avoided is responsibility. If you want to be free you have to accept the consequences of everyone ELSE being free. You can't enslave them to provide for your every whim without THEM enslaving YOU. If you can't provide a good or service (usually labor) to your fellow man equal (equal as defined by the marketplace, which is longterm just a consensus decision) to the goods and services you expect them to provide you in return you only have a couple of choices. Up your game or lower your expectations.

      If you want to live a first world lifestyle you had better plan on having first world skills and not expect things to be given to you as your 'birthright' because of the accident of being born in the first world. The only other choice is socialsm, i.e. voting yourself bread and circuses at the expense of the productive for a generation or two until you spread misery equally and become a third world socialist pesthole and drive the productive somewhere else.

      --
      Democrat delenda est
    11. Re:Not like John Henry by c_forq · · Score: 1

      You have to remember the circumstances and context. John Henry was a black man in a time when employment prospects for black men were few and far between. Henry Ford for a long time refused to employ any blacks, and when he finally caved he only allowed them to hold janitorial positions. At the time a John Henry there were not near the same opportunities and services for someone to take advantage of, in addition to limits of transportation to and difficulty finding out about new jobs or opportunities due to communication limitations of the time. It's great that adaption was an option for your great-grandpa. Unfortunately adaptation is not an option for everyone.

      --
      Computers allow humans to make mistakes at the fastest speeds known, with the possible exception of tequila and handguns
    12. Re:Not like John Henry by TheoMurpse · · Score: 1

      This being slashdot and seeing the country as a whole is poised to start the process of picking out next president by choosing which socialist candidate's plan to nationalize the medical sector is best.... but I'm shocked anyway. Sorry, but if you actually don't want your freedom why don't you just go somehere already practicing socialism instead of working to hose the last best hope for liberty left on the planet?
      Time to play the Devil's Advocate: You seem to be laboring under the idea that the only freedom in the world is freedom to select how your money (is there really anything such as "your" money in a closed system where everyone's actions affects all other humans?) is spent. What about the freedom to not have to worry about crushing medical debt for some injury a huge insurance company refuses to pay for even though you need the money and you paid your premiums?

      Fuck those fire stations man, I want my liberty (you know, liberty to not die in a fire). Goddamn police, I want my liberty (you know, liberty to not be murdered). Holy shit I can stand this sonofabitch roads I get to drive on for free, what an infringement on my liberty (you know, the one to actually be able to drive somewhere in my car). Goddamnit the taxes I pay are such a crushing burden and fuck my fellow man. If I can't spend my last red cent on a Britney Spears inflatable doll, then Amerikkkuh is failing and I want my freeeeduuuuumb!!!!!

      There are many kinds of freedom, not just the freedom to spend what you've temporarily taken from the commons.
    13. Re:Not like John Henry by DeadChobi · · Score: 1

      If America were full of John Henrys, we would all still be customers and not consumers.

      --
      SRSLY.
    14. Re:Not like John Henry by Anonymous Coward · · Score: 0

      The US is becoming a third world backwater, just because of people who revere John Henry and who have no interest in innovation unless it gives them a newer, sleeker, iPod for Christmas. Our public schools are run by Luddites who happily prosecute kids for felonies if they step a hair out of line when it comes to computers.

      Even the stereotypes the media has show this. Luddite who can't stand computers -- jock and winner. Savvy scientist -- dweeb who does jock's homework, then out of high school fixes jock's computer.

    15. Re:Not like John Henry by cayenne8 · · Score: 1
      "Time to play the Devil's Advocate: You seem to be laboring under the idea that the only freedom in the world is freedom to select how your money (is there really anything such as "your" money in a closed system where everyone's actions affects all other humans?) is spent. What about the freedom to not have to worry about crushing medical debt for some injury a huge insurance company refuses to pay for even though you need the money and you paid your premiums? Fuck those fire stations man, I want my liberty (you know, liberty to not die in a fire). Goddamn police, I want my liberty (you know, liberty to not be murdered). Holy shit I can stand this sonofabitch roads I get to drive on for free, what an infringement on my liberty (you know, the one to actually be able to drive somewhere in my car). Goddamnit the taxes I pay are such a crushing burden and fuck my fellow man. If I can't spend my last red cent on a Britney Spears inflatable doll, then Amerikkkuh is failing and I want my freeeeduuuuumb!!!!!"

      Time to play Devil's Devil's advocate...

      :-)

      You are making two different comparisons. The 2nd one, is a valid argument...the govt is supposed to be there for things individuals in the general public cannot do...infrastructure. We do need govt (and most govt.s have it in their charter/constitution) to do just that, provide infrastructure, defense/law enforcement. No arguments there. However, I don't see health and welfare in the same argument. Everyone is dealt some cards at birth....financial and genetic ones. How you live and deal with them is a private, personal concern. If I were born with a horrible genetic problem, is it up to YOU to support me and my problems, when you and your family are healthy? No...I don't really think so. Is it my duty, to support you financially at a point in your life where you either didn't work hard to educate yourself and get a real job, or did something stupid like waste it all gambling or on booze and hookers? Again, I don't think so.

      Govt. is there to support the framework, to allow you however you are born....and however you want to live...to do so. It isn't there to support you or take care of you.

      Of course this is a high level argument...and it isn't all that black and white, I don't have a problem with a safety net for the elderly, and the infirmed....I'd prefer that most all my 'charity' dollars be allowed to come from me, by my decision to where they go and how they are spent...but, that's another thread.

      But really....while I generally care about my 'brother'....I am not my brother's keeper. I don't mind contributing to the common good that EVERYONE benefits from, but, other than that, I believe personal responsibility is the best way to go.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    16. Re:Not like John Henry by Anonymous Coward · · Score: 0

      Or to put it in other words: Who Moved My Cheese?

    17. Re:Not like John Henry by spun · · Score: 1

      Not everyone wants to live in a dog eat dog world. The whole reason for society is to share risks and rewards in an equitable way. Many of us actually want to look out for the less fortunate. You seem to think anyone advocating that lifestyle is advocating forcing it on you. We aren't, but we would like the option to withdraw the rewards of cooperation from those who don't. You want to be a rugged individualist and make it 'all on your own.' (there's no such thing, but whatever makes you feel good) fine.

      But we can create a society without coercion and still keep selfish people like you from profiting off of us. To join the society, you agree never to do business with or help anyone who has not joined. Contract, baby. You agree to give part of your earnings, or work towards helping those who need it, in turn, you will be helped when you need it. It's all free and voluntary and non-coercive and still provides a framework to help the less fortunate while keeping the selfish sharks at bay. Now, you may think free riders would ruin a system like that, but they won't. People get pleasure from contributing. Systems like this work very well, look up the Mondragon Cooperative in Spain.

      Canada, and every other country with socialist medicine has a better track record than we do on every important benchmark, like like life expectancy and child mortality. Modern economic research shows that people are motivated more by ideals of fairness and reciprocity than by self interest. We're a species born and bred to be cooperative: we are successful because we cooperate with each other, not because we compete. Competition destroys efficiency, and it de-motivates people. It frightens people into doing things they wouldn't, and not doing the things they'd like. Competition, of the form where someone has to lose in order for others to win, is destructive.

      The mnarketplace is NOT a consensus decision. Oner dollar, one vote does not equal consensus. The people with more dollars have more power to determine how the market operates. The network effect and other positive feedback loops ensures that some will rise to the top whether they deserve it or not. Even Adam Smith said that the market must be regulated in order to remain free, because of the built in failure modes. Natural monopoly, imbalance of information, and externalities all create market failures where Pareto optimality is not preserved.

      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
    18. Re:Not like John Henry by spun · · Score: 1

      Healthy, non desperate people are a common good we all benefit from. Desperate people are a negative externality that hurts everyone. Low income inequality is another public good. We have decades of economic data showing that economic inequality leads to rising crime rates, while low income inequality leads to economic expansion. Vaccination is a great example of the problem of public health. It protects everyone, even those who don't get the vaccine, because the disease can not spread. But it only works that way when enough people do it.

      Government may not be there to support or take care of me, but it should be there to protect me from exploitation. In a totally free market system, what happens to the people who don't own property and must work for someone else in order to make enough money to live? Aren't they virtual slaves? What's to keep the owners from banding together and price fixing the labor market? If I own all the land around yours, what's to prevent me from keeping all shipments and customers away from you?

      Almost everyone takes pleasure in fairness. This has been shown in dozens of recent economic experiments. People feel good when other people's excellence is rewarded. They feel bad when others get something unfairly. This even applies to chimpanzees. We are born and bred to be cooperators, that is our greatest strength. The free market creates conditions where people feel they have to go against their natural instincts for fairness and reciprocity because otherwise, they will be taken advantage of. It is destructive to the true nature of humanity, although it seems tailor made for sociopaths.

      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
    19. Re:Not like John Henry by Anonymous Coward · · Score: 0

      Our public schools are run by Luddites who happily prosecute kids for felonies if they step a hair out of line when it comes to computers.

      Wait a second. Is this Slashdot or the Letters section of 2600?

    20. Re:Not like John Henry by Anonymous Coward · · Score: 0

      Too bad you contradict yourself. Cooperation is *voluntary*. Cooperation is not violently imposed, whether by one or a "democratic" majority. Socialism inevitably leads to a military-industrial warmongering, both domestically and internationally. Read Hayek's "The Road to Serfdom". Cooperation only exists in a free market. Consent only exists in a free market. You don't vote the beautiful women to share their sexual wealth against their will now do you, you socialist barbarian.

      --monxrtr

    21. Re:Not like John Henry by Anonymous Coward · · Score: 0

      What are you, brainwashed? Trade only *ever* occurs because that which is received is valued more than that which is given away in exchange. This means both parties to every voluntary trade always mutually *profit*. Competition is absolutely necessary to ensure that people can get the absolutely best deal possible. Rather than one person demanding servitude to someone dying of thirst you have many offering water for the cheapest terms possible. Trade only occurs because that which is received is valued more than that which is given away in exchange. Think about it. There's no other possible reason that Person 1 would exchange Good A to Person 2's Good B and vice versa. There's absolutely nothing "destructive" about free trade, and competition for the best free trade terms which by definition *profit* both "buyer" and "seller".

      Society exists by peaceful cooperation alone. Peaceful cooperation is *voluntary* mutual free trade consent. Contract was invented by government to compel servitude, such as for mercenary soldiers to pillage. It is solely because of the threat of violent government enforcement that contract exists to the extent it does. Otherwise people would trade, mutually profiting themselves at all moments of all exchanges.

      Please head on over to www.mises.org and get yourself some badly needed education on economics. It's a free site.

      --monxrtr

    22. Re:Not like John Henry by spun · · Score: 1

      Trade only *ever* occurs because that which is received is valued more than that which is given away in exchange.

      Fuck you and your oversimplifications. How much is your life worth to you? You need to eat to live, if people use economic means to oppress you, you have to get your food through them, and you pay ANY price.

      Mises.org sucks ass. Mises was an elitist idiot who wanted the power to economically oppress people into wage slavery. He was a power hungry madman who loved the status quo, HE just wanted to be the one with the power. You are the one who has been brainwashed, no mainstream economists listen to anyone who spouts Mises nonsense.
      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
    23. Re:Not like John Henry by Anonymous Coward · · Score: 0

      "Oversimplification"? It's an epistemological fact. Anything belief to the contrary, your "oversimplification" remark being completely redundant and immaterial, is an absurdity. You only type a reply because you value your typed reply *more* than not typing your reply. It's TRADE. It's VOLUNTARY. Both person have the choice to not do the trade. It *only* occurs because both are better off because of the trade, no matter how outlandish or outrageous you personally may consider the terms. That's why competition is essential to creating better terms. If the terms are outrageous and outlandish than someone else can profit by undercutting those outrageous and outlandish terms. That's the way it works in a free market SOCIETY. That's the sole reason the division of labor evolved and civilization exists.

      People never use economic means to oppress. They use government political means to oppress. Copyright is a government invention. Trade is *BY DEFINITION*, no matter how you want to childishly pretend otherwise, mutually profitable. Contract is a government invention. Free trade is peaceful cooperation. Socialism is violent imposition. And corporations can only oppress when they use government intervention to do so, just like the robber barons.

      Yup, you need food to live. Funny how food is even more basic than health care, and yet there is not the clamoring for a socialized food system. If you got rid of bogus government-corporate created "intellectual property" patents and copyright, health care would continue to increase in quality and decrease in price, just like all free market technological sectors. Yet socialized medicine causes poorer quality and a greater price (that remains hidden through strict socialist rationing and typical government bogus accounting methods). And then you have blatant propagandists like yourself who outright lie that the only way socialist countries health care "costs" less is because of rationing, and criminalizing those who would offer free trade terms.

      But that's what all socialists do, lie about their true violent natures and the poverty causing effects their actions have on society. Brutish, ugly, liars.

      --monxrtr

    24. Re:Not like John Henry by spun · · Score: 0, Flamebait

      You have your belief, I have mine. You think I'm a brutish ugly liar, I think you are an elitist hypocrite who can't follow basic logic and acts in a self serving manner without looking or caring how his actions impact others.

      Answer me this, in your hypothetical free trade utopia, what would keep resource owners from voluntarily colluding to keep resource prices high and wages low? If anyone tried to butt into their oligopoly, they could refuse to trade vital resources, or temporarily undercut him until he's out of business and once again a wage slave. You simply haven't thought this through, because subconsciously you believe you would be in the owning class and free to oppress the plebes like you really want to in your greedy, black little heart.

      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
    25. Re:Not like John Henry by TheoMurpse · · Score: 1
      Disclaimer: I may or may not actually believe any of what I'm saying here. It's just my turn to be devil's devil's devil's advocate (and clearly cayenne8 and I will solve the world's problems in this thread :)

      If I were born with a horrible genetic problem, is it up to YOU to support me and my problems, when you and your family are healthy?
      It's not up to me, TheoMurpse, by myself. I think that's what gives your argument strength, that you say, "Is it up to YOU" as opposed to, "Is it up to SOCIETY COLLECTIVELY . . ." The second statement seems plausible, while the first seems unreasonable for sure. Isn't that what human society is for ("village to raise a child" and all that)?

      Govt. . . . isn't there to support you or take care of you.
      To me, that sounds (1) selfish, and (2) like a "fuck off and die" argument. Think about it this way: there are limited resources on the planet. Every dollar you earn is a dollar you are taking from everyone else (because you are depriving anyone else from earning that dollar). It is arguable that there aren't very many "un-owned" resources left in the world, so you can't exactly say that there are sources of wealth a poor, uneducated person actually has a shot at grabbing first.

      Robin Hood is an admirable figure for a reason: he is the part of each human that hasn't been corrupted by greed yet. The "I shouldn't have to help anyone that I don't want to help" argument (which it looks like you were making with your argument about being born with a horrible genetic problem) is the greedy part of human nature, and the part that I hope people rise above one day. "Freedom" comes into this because you're prioritizing your financial liberty over someone else's real liberty (the freedom to live when, without society's help one would surely die due to health care costs)

      Final disclaimer: I'm neither a trained philosopher, policymaker, or economist. I'm a linguist-mathematician-law-student. I'm make no claims as to the strength of any of these broad arguments.
    26. Re:Not like John Henry by Anonymous Coward · · Score: 0

      no mainstream economists listen to anyone who spouts Mises nonsense.
      And whose ideas do they follow... Marx?

      *snickers*
    27. Re:Not like John Henry by zippthorne · · Score: 1

      Yeah, automation wins, hands down. The purpose of a company isn't to provide some nebulous "jobs" for people. It's to create products or provide services. If fewer people are required to do those jobs, those people are freed up to make or do something else. The result is more wealth for everybody. I know it doesn't feel that way when your "source of income" is no longer necessary, but society as a whole benefits much more from automation than from maintaining "jobs."

      The US auto industry is a prime example of it, but not in the way YOU think. In the US, labor held back a lot of automation, and as a result, most people are now buying cars from a country that embraced automation because they are not only safer and more efficient, but they're often cheaper as well. People are able to have cars that couldn't, or have better cars than they would otherwise be able to afford because of Japanese automation.

      --
      Can you be Even More Awesome?!
    28. Re:Not like John Henry by spun · · Score: 1

      Marx was a hack. Bakunin and the other anarchists told him exactly what would happen but he didn't listen. I'm sure Mises tries to make like he is carrying on in the grand anarchist tradition, but libertarian and 'individualist anarchists' are flat out sellouts who are only in it because they want to be the next overlords and masters. They just want to use economic power so that they can make some fucked up social-Darwinist justification for owning slaves.

      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
    29. Re:Not like John Henry by Urkki · · Score: 1

      However, I don't see health and welfare in the same argument. Everyone is dealt some cards at birth....financial and genetic ones. How you live and deal with them is a private, personal concern. If I were born with a horrible genetic problem, is it up to YOU to support me and my problems, when you and your family are healthy? No...I don't really think so. Is it my duty, to support you financially at a point in your life where you either didn't work hard to educate yourself and get a real job, or did something stupid like waste it all gambling or on booze and hookers? Again, I don't think so. Well, fortunately most people do thinkso. Those with life-long disabilities and other problems not of their making, they should be taken care of by the rest of the society. They should not be left to live or perish according to their own, disability-limited ability. Some (including me) might say that's even part of a civilized society, and not doing it is barbaric. YMMV.
    30. Re:Not like John Henry by Urkki · · Score: 1

      Yup, you need food to live. Funny how food is even more basic than health care, and yet there is not the clamoring for a socialized food system. If you got rid of bogus government-corporate created "intellectual property" patents and copyright, health care would continue to increase in quality and decrease in price, just like all free market technological sectors. Yet socialized medicine causes poorer quality and a greater price (that remains hidden through strict socialist rationing and typical government bogus accounting methods). And then you have blatant propagandists like yourself who outright lie that the only way socialist countries health care "costs" less is because of rationing, and criminalizing those who would offer free trade terms. No, "socialist" health care costs less, because it has no incentive to give the business owners more and more profits. Private health "care" has big incentive to grow and produce more and more profit, because after all, that's what private businesses are *meant* to do. Now, health care industry has two ways to grow: make health care more expensive, or make people less healthy. Thanks, but no thanks.

      Oh, and at least I need food daily, I know how much it is going to cost me on daily basis, and I'm not overly surprised if I get hungry when not eating... OTOH, I don't need health care daily, I don't know how much money I need to spend on it if I get a bit sick or even seriously ill, and usually I can't anticipate getting ill, it's more like an accident if it happens. So, food supply and health care seem totally different, and therefore should be evaluated independently.
    31. Re:Not like John Henry by triskaidekaphile · · Score: 1
      To me, that sounds (1) selfish, and (2) like a "fuck off and die" argument.

      1. People are selfish.
      2. An alternate interpretation is "Live Free or Die"
      3. . Think American Revolution.
      Every dollar you earn is a dollar you are taking from everyone else (because you are depriving anyone else from earning that dollar).

      What is a dollar? The U.S. government does not back the dollar up with gold or silver any longer. The government could simply print more dollars and then there would be enough for all. Of course, the cost of everything would then skyrocket. A car would still cost half my annual salary whether I made $30K or $300K. The true comparison comes back to individual time, earnings, wealth, wants, and needs. There is no such thing as depriving anyone of a dollar. All that person has to do is go work another 9 minutes at the current $7.15 minimum wage and voila they have another dollar! (12 minutes assuming 25% taxes.) With unemployment at a mere 5% in the U.S., there are jobs aplenty.

      Robin Hood is an admirable figure for a reason: he is the part of each human that hasn't been corrupted by greed yet.

      Robin Hood is a person who broke the law and used violence and force of arms to steal from law-abiding citizens. The romantic aspect of Robin Hood was that he was protecting the oppressed and attacking the oppressor, however this morphed over the centuries into "steal from the rich and give to the poor". Note that in every version of the story, the "rich" are lazy, arrogant people with an attitude of entitlement. They are never hard-working people that earned their good fortune through their own efforts. Meanwhile, the poor are uneducated laboring folk with the characteristics of honesty, integrity, and strong family relationships.

      What would happen if Robin Hood really existed? Either Robin Hood's victims would lobby the government (if the government is strong) for increased law enforcement to capture the Merry Men and make roads and homes safer, or the victims themselves would hire their own armsmen (if the government is weak). In both cases, the poor wretches Robin Hood is protecting would become more oppressed due to the increased strength of arms employed by the upper class. Should the cycle continue, eventually the oppressed would have nothing left to lose so they would stop working and farming and take up arms instead. The result would be either the oppressors losing their wealth, status, and lives (a revolution and overthrow) or the capture and elimination of the Robin Hoods and Merry Men that formed the spine and brains (a crushed rebellion). There are MANY examples of both outcomes throughout history and still today.

      Beware of Robin Hood. No matter his intentions, his actions destabilize society, and an unstable society will cause even more suffering.

      --
      @HbFyo0$k8 tH!$
    32. Re:Not like John Henry by TheoMurpse · · Score: 1

      1. People are selfish.
      2. An alternate interpretation is "Live Free or Die"
      3. . Think American Revolution.

      That's all fine and dandy, except
      1. You still keep using "free" as if there were only one definition, but I've offered a definition of freedom in prior posts that still holds as "life free or die" but disagrees with your thesis that the government shouldn't help support anyone
      2. The American Revolution was never about absolute freedom. It was about taxation without representation, a hatred of the crown and inherited aristocracy in England, unpopular trade regulations, restrictions on specific civil liberties (Third Amendment, Fifth Amendment, Sixth Amendment), and Locke's theory of a social contract (which includes, among other things, the idea that men are bound to do certain acts in society because they benefit from the existence of that society).

        I would argue that, without our current very mild socialistic model of tax-and-redistribute, we would effectively have an inherited aristocracy. Hell, we practically have one now in that the super-rich who make important financial decisions often belong to select families. Beyond that, I doubt our society would self-consistently like your original intent argument much. With it, the only thing the First Amendment protects is the right to speak initially. After that, the original intent of the First Amendment would permit the government to punish you afterwards. This is known as the prohibition of prior restraint. That's all the First Amendment protected in 1789 at the time of ratification. There would also be no right to privacy, either. Nor judicial review.

      Every dollar you earn is a dollar you are taking from everyone else (because you are depriving anyone else from earning that dollar).

      What is a dollar? The U.S. government does not back the dollar up with gold or silver any longer. The government could simply print more dollars and then there would be enough for all.
      Fine. If you want to be pedantic, replace the word "dollar" with "wealth" in my original post in every instance.

      And your Robin Hood argument is persuasive enough for me on Slashdot. I'll back off on that line of argument.
    33. Re:Not like John Henry by Anonymous Coward · · Score: 0

      I've offered a definition of freedom in prior posts that still holds as "life free or die" but disagrees with your thesis that the government shouldn't help support anyone I'm sorry, but definitions are not self contradictory. Governments aren't magical fairies with resources that pop out of thin air. Governments CAN'T "help support anyone" except by first VIOLENTLY taking resources from some to redistribute to others. Forcing others to provide is by definition SLAVERY. That's what slave owners did, force the slaves to provide the products for the slave owners use and enjoyment. You're a MORON if you can't see your contradiction. But socialists are LIARS, who pretend government is voluntarily operated, which is a complete oxymoron, because if voluntary funding were forthcoming the existence of government would be irrelevant and a waste of resources and energy. It part and parcel of the socialist propaganda con job of Tom Sawyering people who don't know better to accept slavery as freedom.

      This is why libertarians are for a bare minimum of violent government interference in the affairs of people. If you want social programs, VOLUNTARILY fund them as non-profit charities. This lets people choose their particular charity. This lets charities compete, which increases the quality of charity and lowers the cost of charity.

      If the government can demand 50% of your paycheck to redistribute for social programs why can't they demand 100%? It's out of control and these socialist "societies" (a-socially held together by violence -- these socialist morons must also refer to salve-master relations as "societies", so take all use of the word "society" by uneducated dumb socialists with a grain of salt) are headed for bankruptcy and massive inflation of their fiat money to avoid paying the debts which are racked up by socialism.

      --monxrtr
    34. Re:Not like John Henry by Anonymous Coward · · Score: 0

      Wow. You're a dumbass.

  10. Oh no! My money! by maclizard · · Score: 2, Interesting

    It's about time the recording industry collapsed. Maybe I'm just bitter, but last CD I bought cost $17, very little of which went to the artist. 90% of the money made in the music industry is not music sales but concerts, t-shirts, bobble-heads... you get the picture. Free the music!!

    1. Re:Oh no! My money! by Sanat · · Score: 1

      It is more than just the money. The RIAA represents "old energy" that is stagnate and therefore it will not be able to survive in the lighter energies of today and even more so... of the tomorrows. Each day the differential becomes greater and each day the RIAA becomes more like a dinosaur in our modern day. (The comparison to SCO is more than coincidental)

      I believe that we will see many infrastructures such as the **AA crack and fall apart in a similar way. The next major demise will be "Insurance". Watch for it. It is old energy and regardless of what resources are put into it to ensure survival... it will still fail and crumble... simply because it is old energy.

      Even if the RIAA reinvented itself in some manner... the energies would still be inappropriate for today environment and so it could not survive. Good or great management would only prolong its existence but in the end it is still doomed.

      --
      And in the end, the love you take is equal to the love you make
    2. Re:Oh no! My money! by maclizard · · Score: 1

      The next major demise will be "Insurance". Watch for it. So, are you saying that the thousands of dollars that I have pumped into my car insurance is likely going to disappear?
    3. Re:Oh no! My money! by Sanat · · Score: 1

      Sort of like the Berlin Wall (I'm an old codger). One day it was standing and seemed insurmountable and the next day it was falling down and being knocked apart by individuals from both sides and led to reunification only a year later. The USSR/East Germany was "old energy" and could not maintain itself. Who would have guessed back then that in 1989 the wall would be gone and the USSR would be going fast.

      I sense this same energy with insurance. Wait 5 years and see what happens with it. I'm not a prognosticator by any means however I do sense energy and the stuffy insurance companies definitely have "old energy" and will therefore have to go the way of the Berlin Wall.

      As for you, I do hope that your car insurer stays in business till the very end. Whether that end is 5 years away or 10 years away... but it will crumble eventually with all of the other insurers.

      --
      And in the end, the love you take is equal to the love you make
    4. Re:Oh no! My money! by Lijemo · · Score: 1

      I sense this same energy with insurance. Wait 5 years and see what happens with it. I'm not a prognosticator by any means however I do sense energy and the stuffy insurance companies definitely have "old energy" and will therefore have to go the way of the Berlin Wall.

      It seems to me that insurance will be a viable business as long as people (and companies, for that matter) have the very real and present risk of unexpectedly being hit with a bill that they find it difficult or impossible to pay (medical, car repair, being sued, house flooded or burned down, etc). Since I don't see any signs of it becoming less likely for people to be hit with unexpected incredibly large bills, it seems that insurance still has a very viable business model.

      I'm not ruling out substantial changes in the insurance industry. Who knows? Maybe we'll see a rise of, say, non-profit cooperative insurance companies, which then run a lot of the for profit places out of business. That model would probably have a very different "energy". (Incidentally, this was the original model for insurance: Merchants knowing they could be ruined and impoverished by a single ship being sunk in a storm pooled their money, with the prior agreement that it would be used to compensate any of them who were unfortunate enough to loose a shipment of goods at sea. Then instead of the constant and very real danger of imminent financial ruin, each instead only had a single fixed expense: merchant marine insurance.)

      But the insurance industry dying any time soon? That I just don't see.

    5. Re:Oh no! My money! by Sanat · · Score: 1

      I guess I could imagine an "Open Source" type of arrangement or something with a GPL type of license for the good of those involved.

      Maybe we will just assist each other in such a way that insurance is no longer required.

      House raising, Barn raising, neighbor freely helping neighbor would cause a lot of insurance not to be as heavily required.

      Guess we have no other choice but to wait and see what unfolds.

      Sanat

      --
      And in the end, the love you take is equal to the love you make
  11. Re:This is probably the best thing to happen to th by techpawn · · Score: 1

    All we need is for one of the big fish to declare bankrupcy, the and rest will see that and stop their litigous ways
    No, they'll all claim "ZOMG!!! T3h Pirates!!!" and sue more than ever since they would have to get money from somewhere. Part of me thinks this is a good thing to help them "get the memo" but they still won't put covers on their TPS Reports...

    Besides, Most of these companies are big media and have more than just the record section correct? Warner, Sony, ETC.?
    --
    Ask not what you can do for your country. Ask what your country did to you
  12. Magnatune.com by ProteusQ · · Score: 5, Informative

    Might be a good time to listen to a few tunes from a label that's not evil.

    [Caveat: I don't work for them, own any part of the company, or know anyone personally who's released a CD through them. I just buy their stuff and dig Shannon Coulter's sultry voice.]

    1. Re:Magnatune.com by Anonymous Coward · · Score: 0

      Between being fed up with the exploits of the big labels, and the garbage being put out, I buy a lot less music from major labels. Most of my recent purchases have artists under independent labels:

    2. Re:Magnatune.com by RealGrouchy · · Score: 1

      [Caveat: I don't work for them, own any part of the company, or know anyone personally who's released a CD through them...] You realize this is unnecessary, right?

      If the site you suggested is good, then people will mod it up regardless of your affiliation to it--unless the people modding your comment up happen to "work for them, own any part of the company, or know anyone personally who's released a CD through them". And those mods don't carry the same disclaimer.

      (OT for an OT).

      - RG>
      --
      Hey pal, this isn't a pleasantforest, so don't waste my time with pleasantries!
    3. Re:Magnatune.com by Anonymous Coward · · Score: 0

      WARNING: The Greydon Square is some ATHIEST PROPEGANDA BULLSHIT

    4. Re:Magnatune.com by jcaldwel · · Score: 1

      Silly theist. That's "atheist propaganda."

    5. Re:Magnatune.com by earlymon · · Score: 1

      Dooood - many thanks. I'd not heard of Magnatune before - I am an immediate Trip Wamsley fan, listening as I type this.

      Takes me back to when we'd go friends house to turn on to, or be turned on to, new music. Between sojourns, we used this thing called radio to hear new, better music.

      My three kids all have kids now. Over the years, the tweens and teens brought maybe 5 CDs to my house - I was always ready to listen to anything - how do you think I found out about the Gorillaz?. But they came in droves to listen to my music collection. They didn't stop coming when they got older - they stopped coming by when they'd heard all they'd liked, and moved on to other oldsters. I asked them how they found out about new music and they got angry, having heard their parents' stories, such as I've related here and they'd felt their lives were lacking, relegated to the death of MTV.

      Radio? I played some insanely old CDs I'd made as a kid of CJOM and the WABX Air Aces (Detroit/Windsor metro) and they didn't believe that radio used to be that way, either.

      Internet radio? Still better than over-the-air - duh... - but still, not always fulfilling as a new album (and yes, I still insist that CDs are albums because they are).

      I guess after this rant, I should at least try to be on-topic, so here goes: the phases of a business from birth to death seem to be conception, innovation, consolodation, litigation, and liquidation.

      With deepest sarcasm, thanks RIAA - with deepest sincerity, thanks ProteusQ.

      Guess all I can offer in return, for anyone who's interested in an old radio show, besign Firesign, is The Fourth Tower of Inverness -
      http://www.zbs.org/catalog/product_info.php?products_id=1
      http://drakhan.com/4tower.html
      http://www.zbs.org/catalog/about.php

      --
      Pathological kinda promises Path + Logical - but instead, you get stuck with pathetic.
    6. Re:Magnatune.com by earlymon · · Score: 1

      insanely old CDs - I'm a dolt - in my mind I totally typed insanely old cassettes...

      --
      Pathological kinda promises Path + Logical - but instead, you get stuck with pathetic.
    7. Re:Magnatune.com by ProteusQ · · Score: 1

      Any fan of Trip's is OK by me.

      20 Years Too Late? Nope... Trip was right on time.

  13. The former are desperate, the later aren't by DrYak · · Score: 4, Informative

    Microsoft is digging whatever they could find in their "Imaginary Property" port folio of patents to find something with which they could scare client who would potentially consider fleeing to open-source. They're basically trying to invent new ways to kill their adversary.

    **AA are suing who ever they can going through complicated legal justification trying to explain why "Fair Use" never applies, trying to persuade that "Format shifting" represents "Unlawful evil piracy", etc. They're basically trying to find ways to stop everything that normally should be allowed by the law (and somewhat managed to partly achieve this goal with DMCA).

    On the other hand the situation with GPL is much simplier.
    The copyright law is simple : Thou shall not copy. (outside the list of exception, like personnal backups, etc. against which the **AA are fighting).
    The GPL is a license : it gives additional rights, more specifically it gives you the right to freely distribute copies of GPL software, as long as you pass along the accompanying freedom to the next in the chain.
    If you don't follow the license, you lose those additional rights and everything reverts to the official copyright law. Which says No-No to distributing software which you don't own personally.
    They're basically making sure that the users retains their freedom by using pre-existing legal infrastructure.

    You'll notice that :
    - GPL isn't threatening to sue users at all. The whole "FreeSoftware" concept is about giving freedoms to users. They threaten to sue companies that would be taking away those freedoms. And in fact they don't threaten as often, as they help misguided companies who don't really understand the GPL. There are only a couple of suit-threats that we've heard here on /. whereas most of the time is companies who don't really understand how they should behave to follow the GPL. Most of the time it's more a polite exchange of explanation (you should publish that piece of code...) than threats.

    The end users benefits of the GPL, whereas with the former the end user is the target.

    - There are no auto-settlement-bot spilling standart cease-and-desist suit-threat

    - GPL isn't trying to twist the interpretation of the law to try to remove rights that where granted in the first place (They're not arguing what is "Fair Use" and trying to limit it). The GPL is based on pre-existing laws.

    --
    "Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
    1. Re:The former are desperate, the later aren't by Raisey-raison · · Score: 1

      Theory that explains the music industry's decline:

      1. The many extensions of copyright mean that there is not the same incentive to find and develop new talent. e.g. The rolling stones are still in copyright so they have less need for new talent.

      2. As a consequence of this this, new music is often far inferior in quality.

      3. This lousy new music incentives people to buy old stuff from the 50s , 60 and 70s.

      4. This buying of old music in turn raises revenue from those bygone periods which further disincentives the production of new talent.

      And thus the vicious cycle self perpetuates. How ironic it is that intellectual property laws have had the effect of suppressing creativity.

  14. Stock shares? by SharpFang · · Score: 4, Insightful

    Actually, I wonder how their stock shares fare.

    Many companies have been proclaimed dead or dying while their shares kept going up, and they keep going up still. Some portals were proclaimed to be dead because their percentage market share vaned comparing to Google, but they actually gain users as the net grows, and they actually grow and note profits each year.

    So how's it for the record industry?

    --
    45 5F E1 04 22 CA 29 C4 93 3F 95 05 2B 79 2A B2
    1. Re:Stock shares? by Midnight+Thunder · · Score: 1

      Tried getting some info:
      - Warner Music Group
      - Sony BMG Music Entertainment, appears to be a private company, so no data
      - EMI Group, no historic data?

      --
      Jumpstart the tartan drive.
    2. Re:Stock shares? by jcaldwel · · Score: 1

      - Sony BMG Music Entertainment [google.com], appears to be a private company, so no data

      I believe SNE acts as a holding company for the private Sony/BMG shares, so it would be included in the SNE ticker. The Yahoo! profile of the stock seems to support this.

    3. Re:Stock shares? by eastlight_jim · · Score: 1

      Not well, generally.

      Sony (the publicly listed parent company) - Fallen from 150 euros per share to around 37 euros per share now

      Warner Music Group - Fallen from a peak of around 24 euros in mid 2006 to under 4 euros now

      Vivendi - Fallen from a high of around 80 euros in 2001 to around 30 euros now although they have been climbing steadily since 2003.

      EMI - Similar trend to Vivendi but still fallen from a high of 12 euros; to only 3.70 euros now.

      Make of that what you will but it hasn't been an easy ride for investors in the music industry over the last few years.

    4. Re:Stock shares? by XLR8DST8 · · Score: 1

      it's just the motley fool but if it was a bear stearns analyst telling his investors not to invest in the record companies, that information alone would be enough to drive the prices down, warranted or not. 3 weeks ago i had Sirius stock at $3.52 a share, & one morning it was in fact a bear stearns analyst who supposedly told his investors 'the DOJ could approve the merger (with XM radio) as early as friday (that same day)!' well the stock price shot up to $3.84. i was up $800 that morning just on that rumor. guess what. it's at $3.08 now & the merger STILL hasn't been approved by the DOJ.

  15. Still curious by edwardpickman · · Score: 2, Insightful

    I know it's fun to burn the school down but then you're left wondering what will replace it? I know the current preference is a pay if you want/download for free if you don't business model but it isn't exactly sustainable. The problem is always people will eventually get tired of paying and stop since they don't have to pay. Look at what happened when the 55 mph speed limit was lifted. I was living in LA at the time. For the first month people drove 55 out of habit but after that they slowly increased speeds to the new 65 limit and within three months they were already back to speeding. If you made the speed limit 100 mph some people would still speed. If the groups released their albums for free but asked people to not post them for download and to please only download them from the official site there'd be a copy on a file sharing web site with in the first hour. They can try to make money off ads on their web sites but like I say the majority will probably download from file sharing sites. Eventually the professionals will give up on releasing albums and songs entirely and just go back to playing live. Odd that things might go full circle to the pre technology days. Technology created the music industry we know and it's likely to kill it in the end.

    1. Re:Still curious by Bloodoflethe · · Score: 1

      Because people never donate to sources of free . That's why there are no longer any freeware producers out there.

      --
      "Little is much when little you need."
    2. Re:Still curious by morari · · Score: 1

      That might be a problem in LA, where the roads are already heavily congressted and most drivers are assholes (like in any city). 55mph is a ridiculous speed limit in most circumstances however. I hate how the completely straight, flat, barren highways around here have an imposing 55 to 65 limit on them and are heavily enforced. Then again, law enforcement has already been good at wasting my tax money by enforcing nonlaws. :P

      --
      "He who can destroy a thing, controls a thing." --Paul Atreides, Dune
    3. Re:Still curious by Anonymous Coward · · Score: 0

      you are still thinking inside the box.. assuming an artist would want the album to only be delivered via the official site suggests that the only money they make is off of ad revenue from the site. there's money to be made by producing and delivering your own content. you just have to be clever about it. mark my words, the business model of the future--at least for content delivery--takes full advantage of the fact that people will post anything to a file sharing site immediately. after all, would you expend money to have something delivered across the nation when there are droves of volunteers willing to do it for free?

    4. Re:Still curious by Hub_City · · Score: 1

      The school's not burning - the students have just found out they no longer have to go there, so it really doesn't matter whether it burns down or not.

      Technology has done what it always does: render some actions incredibly easy for the average person, while shifting value (and thus the ability to make money) somewhere else.

      Musicians will still make music; they do that. More of them are now able to put it in front of you. Seems like, just as in the case of bottled water, you're no longer paying for the product itself, you (or someone who wants your eyeballs looking at them) are paying for the filter that put the product in front of you.

      Find the value people are willing to pay money for, and you'll make money. No change there.

    5. Re:Still curious by Anonymous Coward · · Score: 0

      Law enforcement is good at keeping your taxes a little lower by bringing in lots of alternate revenue :P

    6. Re:Still curious by sacrilicious · · Score: 1
      I know it's fun to burn the school down but then you're left wondering what will replace it?

      This isn't "having fun burning down the school"... schools serve a useful purpose. The (slow but eventual) death of the current music industry will be more like the tearing down of the Berlin wall.

      --
      - First they ignore you, then they laugh at you, then ???, then profit.
    7. Re:Still curious by geekoid · · Score: 1

      "...but it isn't exactly sustainable."

      Says who? it seems to have been pretty successfully so far.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    8. Re:Still curious by Anonymous Coward · · Score: 0

      Simple - set the speed limit to c - no more speeding offences.

    9. Re:Still curious by Ledgem · · Score: 1
      I disagree with your analogy about speeding. I've driven from New York to Los Angeles and back, and I noticed something very interesting. When you're driving along the Midwest/East you pass through states relatively quickly, and it's not unusual for each state to set their speed limit a bit differently. The interstate roads are long and largely straight. (I may remember the speed limits a bit off here, so apologies to those state residents who can pick out an incorrect number.)

      The Illinois speed limit was 75 MPH. I'd say most of us on the road were doing 75 - there's always going to be a speeder, but most of us felt comfortable doing 75. We passed into Indiana, and I believe the limit dropped to 70. Most of us kept on pulling 75. By the time we hit Ohio, the limit dropped to 65. Most of us were still doing 75. It's tempting to ascribe that to psychology, but by that point I don't know that it's safe to assume that we were all coming from Illinois and were used to the 75 MPH limit. More likely people are naturally comfortable with doing 75 MPH on those types of roads, and so they'll do what they're comfortable with.

      What you're trying to say is that it doesn't matter how nice the limits are, people will still try to break them. There are plenty of people like this, it's true. If we're talking about the masses, however, I don't think it holds. People will do what they are comfortable with. On some of the highways here in NY the limit is 55, but people tend to do 65 on the windier areas and 75 on the straight areas. They're not speeding for the sake of speeding, but because they can efficiently drive at that speed around those areas and feel comfortable doing it. If you made the speed limit 100 I believe that people would only be doing 100 because they felt that the law was compelling them to and that it might not be safe to be too far under the limit.

    10. Re:Still curious by Anonymous Coward · · Score: 0

      And people don't talk anymore either. Nor do they write posts on the internet, since it all became free. People just stand around in a stupor of silence.

  16. The **AA can't afford any more attention like this by zappepcs · · Score: 4, Interesting

    If anyone here thinks that the Fool will harm the **AA's business, think again. The Fool is only telling us what is happening. In a family gathering of more than 25 people for present opening ceremonies this year, I watched quite gleefully to find that only ONE CD or DVD had been purchased. ONLY ONE! There were cameras, books, clothes, presents galore... but only ONE lonely little DVD.

    My in-laws really don't care about the **AA and their ways, CDs and DVDs are JUST TOO EXPENSIVE. Never mind the lawsuits, their crap products are priced way out of order.

    Time to start ePhoenix records I think....

  17. Incorrect by Anonymous Coward · · Score: 1, Interesting

    No one, including the RIAA's lawyer, has ever stated or implied or suggested that ripping your own personal copies of CDs to your computer is not a legitimate practice. The issue here is making your personal copies available for distribution on the net.

    Here is what the RIAA's lawyer wrote in a supplemental summary judgement brief that ignited this firestorm and has been grossly misinterpreted by "pundits" on the net:

    "Once Defendant converted Plaintiffs' recording into the compressed .mp3 format AND they are in his shared folder,
    they are no longer the authorized copies distributed by Plaintiffs."

    This is a pretty unequivocal statement. If you make your personal copies available for distribution, they are no longer your personal copies since distribution is not the purpose, right, or intention for maintaining personal copies .

    Here is what the Judge wrote in granting summary judgment:

    "However, the question is not whether Howell owned legitimate copies of
    some of the sound recordings on CD, but instead whether he distributed copies of the
    recordings without authorization. Howell's right to use for personal enjoyment copyrighted
    works on CDs he purchased does not confer a right to distribute those works to others
    without Plaintiffs' authorization. 17 U.S.C. 106(3). As he admitted that the sound
    recordings were "being shared by [his] Kazaa account," Howell is liable for distributing them
    in violation of the recording companies' exclusive right."

    1. Re:Incorrect by bravo_2_0 · · Score: 3, Informative

      "Once Defendant converted Plaintiffs' recording into the compressed .mp3 format AND they are in his shared folder, they are no longer the authorized copies distributed by Plaintiffs."
      This is a pretty unequivocal statement. If you make your personal copies available for distribution, they are no longer your personal copies since distribution is not the purpose, right, or intention for maintaining personal copies .
      No it isn't. Just becasue a folder is defined as shared does not mean you can or want to distribute music from it. The problem is that they don't define what a shared folder is. I have folders on my machine that are shared within my home network but not to the internet. So does this mean I can't place music in them? There is a BIG difference between locally shared folders and ones that are made available to the internet.
      --
      I AM A SEXY SHOELESS GOD OF WAR!!!
    2. Re:Incorrect by NewYorkCountryLawyer · · Score: 1

      The judge, upon reconsideration, vacated his prior order granting summary judgment.

      --
      Ray Beckerman +5 Insightful
    3. Re:Incorrect by Wakk013 · · Score: 1

      As I stated below, you're already screwed if they go after all shares. Remember MS has default admin shares that are on all systems. You can disable them, but after some painful work, and its definitely never explained to a standard user that they ever exist.

      The logic they need to apply for going after a shared folder needs to be specifically defined that it allows others to download the music outside of the realm of fair-use in a method that goes beyond what fair-use is intended for. I feel and strongly believe that local area networks, larger networks , and VPNs target a very specific audience that can easily be defined through fair-use.

      The material in shares should be secured to only allow specific targetted users that are acceptable to share with for the terms of fair-use.

    4. Re:Incorrect by cdrguru · · Score: 1

      As far as I know, Kazaa only has one kind. Please point out the "locally shared" option with Kazaa. That is after all the type of shared folder that was specifically mentioned.

    5. Re:Incorrect by ODiV · · Score: 1

      No one, including the RIAA's lawyer, has ever stated or implied or suggested that ripping your own personal copies of CDs to your computer is not a legitimate practice.

      Are you joking? The way this sentence is constructed assures that it is false. I'll assume that you meant that there has been no official communication from the RIAA stating that making personal copies of CDs is not a legitimate practice.

      This is almost true. I seem to remember a couple incidents to the contrary.

      Here is one from February 2006, where the RIAA and other copyright industry associations submitted a filing that included this gem as part of their argument that space-shifting and format-shifting do not count as noninfringing uses, even when you are talking about making copies of your own CDs:
      "Nor does the fact that permission to make a copy in particular circumstances is often or even routinely granted, necessarily establish that the copying is a fair use when the copyright owner withholds that authorization. In this regard, the statement attributed to counsel for copyright owners in the MGM v. Grokster case is simply a statement about authorization, not about fair use."


      The other incident that springs to mind is the whole DRM on CDs situation. Members of the RIAA were (still are?) releasing "CDs" with DRM to control how you rip the songs to your computer. If they could do this at all effectively then it would be much more widespread right now. What does it matter what they are saying when their actions speak so much louder?

  18. Its not just the lawsuits... by phobos13013 · · Score: 2, Informative

    Take a look at Warner Music Groups stock price over the last two years (WMG is the only publicly traded music label, in the last year it has decreased by almost $20! You screwed yourself in 2007 if you sided with the RIAA. But look at the long-term, its not just the lawsuits that make music labels a bad investment now or the last five years. Its a dying industry without the lawsuits. The digital age is here, nothing can be done to stop it. There never was anything that could be done. The industry can still exist, but its market share had decreased enormously and they need to accept it. Sorry for anyone who bet the farm on these guys, cause all you have is a cow left. Not even a cash one sadly.

    --
    ...and it should be known by now
    1. Re:Its not just the lawsuits... by Anonymous Coward · · Score: 0

      the digital age is in fact upon us, but i do not agree with your sentiments.. there most certainly was something that could have been done on the part of the labels. the thing is, it would have had to have happened 5+ years ago. the behemoth corporations of the 80s and 90s are starting to slowly outgrow the world around them. life moves faster than the lumbering corporate beast, and that is the sole reason the **AA et al are in this situation. the future of record labels lies with the small dynamic business that can react in real-time to the consumer market. huge companies in other industries will begin the path to oblivion. in fact, we see this daily with many industries. the giant corporation simply cannot react fast enough to survive in a modern world.

      did a meteor kill the dinosaurs? i say they were doomed the minute warm blooded mammals began to run circles around them. so it is with today's industry. while the dinosaurs are taking a moment to bask in the sun to warm up brain function, the mammals have already hit the ground running and are processing information several steps ahead of the dinos. extrapolated out over a period of time, one sees an agonizingly slow yet unavoidable death for the lumbering beasts of yesteryear. nothing can save them now.

    2. Re:Its not just the lawsuits... by EMeta · · Score: 1

      This would be a more useful comment given a percentage fall or some baseline for that $20 per share drop. The high a year ago was close to $25. It's fallen very hard.

  19. Re:This is probably the best thing to happen to th by UncleTogie · · Score: 1

    No, they'll all claim "ZOMG!!! T3h Pirates!!!" and sue more than ever since they would have to get money from somewhere.

    What worries me is that the RIAA will talk Congress into subsidies...

    --
    Don't tell me to get a life. I'm a gamer; I have LOTS of lives!
  20. i would like to suggest something unPC by circletimessquare · · Score: 2, Interesting

    where polotically correct in this sense is sensitivity to the dying music industry: maybe there really is no more money in this business

    we all talk about "embracing new models", and anger at the industry for seeing napster and fighting them tooth and nail, rather than changing their business model. we yell at the music industry for not using the internet to their advantage... well what if the suits are right? there is no advantage in the internet. that it's simply death for them?

    of course there is still money in concerts and movie theatres, those are real world venues. also advertising plugs. but everything that goes on media: movies, music, maybe there really is nothing but a black hole of no cash for the music and movie industries

    not that the industries can do anything about it

    and copyright of course means shit: it's simply unenforceable. you can trap a few scurrying mice here and there and extract a few pennies from soccer moms and college kids, but everyone will trade anyways, with just more and more bulletproof protocols and apps

    not that i'm worried or complaining about this new world. one music exec assholes financial riches gone means our cultural riches greatly improved. there's more than one way to measure richness than just cash in the bank

    it's a wonderful new world in fact

    long live the death of the music and movie industries

    this is really wonderful

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:i would like to suggest something unPC by Microlith · · Score: 1

      but everyone will trade anyways, with just more and more bulletproof protocols and apps

      It amuses me to hear the slashbots pine for the days when they can rip people off freely. Like the movies and tv shows and games they enjoy today will still be made if no one ever pays for them.

      Sure, you'll be able to trade with more bulletproof protocols and apps... but you'll have a lot less to trade as the new stuff slows to a trickle.
    2. Re:i would like to suggest something unPC by LadyHydralisk · · Score: 1

      There's the idea that filling an ipod would cost $40,000, promoted by the RIAA I believe. I filled my 4GB Zen Stone with free music from ocremix, my friends, and through independant artists. All legal. Befriend a music student or a band, hey why not? It's much cooler that way... There's a lot of resources online that point out free legal music. Then again, I don't really give a damn about legal, I just think mainstream music sucks... Yeah, put another nail in the coffin, music has already moved on...you can't chain down Orpheus itself...(mythology)

  21. CD/DVD is the consumer transmission medium by totallygeek · · Score: 2, Insightful

    Really, at this point, I purchase compact discs for one purpose: to have a real product to carry from the store and then store on a shelf. I rip all my CD's so that I may listen to the music on the device of my choice; one that holds far more information than any single or group of discs. It is getting this way with movies too. I figure that I will start ripping my movies to large storage systems and build a video-on-demand device at home. Don't get me wrong though, I do not like downloading music nor movies. Perhaps I am a relic, but I want a real 'box' product. In addition, I have hated downloading music within iTunes only to be told that I cannot make a mix mp3 CD (for my truck, which reads mp3 discs) with some of the music I just paid for the right to use. I feel the same way about movies, and to take it a step further, I feel most of my drive space is something expendable. If I lose an mp3 from a rip, I simply rip again. If I lose a download, I am SOL.

    1. Re:CD/DVD is the consumer transmission medium by Nonillion · · Score: 1

      You're not the only relic here, I more or less agree with what you stated here. I still like to buy a physical product. I have no intention of selling copies of copyrighted works (real piracy). When I rip my CD and DVD's to the computer I consider that to be FAIR USE and expect it to apply the same as if I recorded my CD onto a cassette, Hi-Fi VCR, mini-disk or even 8-track tape. When I rip these products, I do so for convince, not to make these works available to every Tom, Dick and Harry on the Intertubes.

      --
      "I bow to no man" - Riddick
    2. Re:CD/DVD is the consumer transmission medium by NathanWoodruff · · Score: 1

      I did the same thing with the Breaking Benjamin CD Phobia. I found a FLAC rip on mininova. I had heard a song or two on the radio and wanted to hear more.

      I downloaded the entire album and listened to it. After several days, I though it was good enough to purchase. I went down to Best Buy and purchased it. I have a copy of the receipt that I would love to post here, but can't.

      I left the CD on the counter at the check out lane. The check out girl said "Don't forget your CD". I told her that I didn't need the CD that I already had downloaded it.

      I have a whole wall full of CD's. I don't have any more space for them. The receipt is all I need, and well hard drive space that is now dirt cheap.

      Just imagine how much the artist would have made if I could have purchased it directly from them.

      Nathan

    3. Re:CD/DVD is the consumer transmission medium by eclectic4 · · Score: 1

      "I have hated downloading music within iTunes only to be told that I cannot make a mix mp3 CD"

      Yes, you can, right from iTunes.

      iTunes preferences - Advanced - Burning. Select MP3 Disc as the format. Make playlist - Burn. I do this all the time and works in my car (MP3 player also)

      I could spend many hours in the day correcting people's ignorance of the functionality of iTunes... oh well.

      --

      "The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge." - Daniel Boorstin
    4. Re:CD/DVD is the consumer transmission medium by gnasher719 · · Score: 2, Interesting

      I left the CD on the counter at the check out lane. The check out girl said "Don't forget your CD". I told her that I didn't need the CD that I already had downloaded it. I always thought the music industry could build a business around that. Instead of selling you shiny disks, leave all the distribution cost and effort to the customer and just sell the rights to have the music. They could have done the following:

      1. Make a modified version of the iTunes software. That version will download music from all sources and mark it as "try out". It will also allow you to publish your music on the same terms. All this would be legal.

      2. "Try out" music cannot be burnt on a CD or moved to an iPod. A splash screen appears when it is played. Removing the "try out" label without paying would be criminal.

      3. You can buy the music easily, and the complete money goes to the rights holders (who distribute it in a fair way, or the rights holders might be the actual musicians). The music is then marked as properly owned by you.

      4. This is combined with a rating system that lets you rate the sound quality of a recording and upgrade if you find a better version somewhere else.

      The only thing that is problematic is how music should be handled that cannot be identified.
    5. Re:CD/DVD is the consumer transmission medium by Creepy+Crawler · · Score: 1

      Does OSX allow users to create a "virtual cd burner" in which iTunes can burn?

      Example: You buy movie on iTunes. You want to watch on TV, so you need to convert to mpeg2. Can you do this, and burn to a fictional disc to bypass crippling?

      --
    6. Re:CD/DVD is the consumer transmission medium by vux984 · · Score: 1

      I have hated downloading music within iTunes only to be told that I cannot make a mix mp3 CD (for my truck, which reads mp3 discs) with some of the music I just paid for the right to use.

      There has always been a workaround for itunes, involving buring the track as a regular Cd and then ripping it back as an mp3. But yeah, I agree workarounds should NEVER be necessary to do something like this.

      Check out itunes plus -- itunes tracks, no DRM, .99 cents a song. Selection is considerably more limited though.

      I feel the same way about movies, and to take it a step further, I feel most of my drive space is something expendable. If I lose an mp3 from a rip, I simply rip again. If I lose a download, I am SOL.

      Why not download the mp3, burn a few hundred to a CD, and then put in on a shelf. At that point its as secure as any bought CD.
      Of course your CD may deteriorate, but that happens with bought CD's too.

    7. Re:CD/DVD is the consumer transmission medium by totallygeek · · Score: 1

      "I have hated downloading music within iTunes only to be told that I cannot make a mix mp3 CD"

      Yes, you can, right from iTunes.

      iTunes preferences - Advanced - Burning. Select MP3 Disc as the format. Make playlist - Burn. I do this all the time and works in my car (MP3 player also)

      I could spend many hours in the day correcting people's ignorance of the functionality of iTunes... oh well.


      Not to start an argument, but you are not correct. If you download music within iTunes (purchased from iTunes Store), that music can only be burned to audio CD, never to mp3 CD. Nor can the track be converted to mp3 format. You must burn to audio CD, delete the track, rip from your burned CD, etc. Do not be so haste and harsh; I am smart enough to have recognized the problem and figured out how to get around it.

    8. Re:CD/DVD is the consumer transmission medium by Wakk013 · · Score: 1

      Suggestion... Make a digital and photo copy of that receipt. The inks most stores use now don't last more than a few weeks any more.

    9. Re:CD/DVD is the consumer transmission medium by cdrguru · · Score: 1
      The people I know like things just fine the way they are.
      1. Simpleton fools buy CDs.
      2. Smart people download everything for free.
      3. Internet-savvy fools buy from iTunes.

      Your idea of making something that is today a minor infraction that is handled by the civil courts into a criminal matter is playing right into the hands of the government making everything illegal. First thing that would happen is the "try out" label remover program would be freeware hosted outside the US.

      Face it, nobody is going to make money from music anymore. There are dedicated bands of people out there determined to quash any possible revenue that can be gained from music distribution. Movies are next and software (sorry, BSA) is right there too.

    10. Re:CD/DVD is the consumer transmission medium by eclectic4 · · Score: 1

      No, you plug your iPod into your TV, and watch. You just have to purchase the AV cord for it.

      --

      "The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge." - Daniel Boorstin
    11. Re:CD/DVD is the consumer transmission medium by Joe+Jay+Bee · · Score: 1

      Smart people download everything for free.

      I'm sorry, you misspelt "Freeloaders".

  22. Word games lawyers play by Anonymous Coward · · Score: 0
    OK this time I just can't pass this one up. From the article (and from the original article several days ago about this same RIAA story) is this choice little tidbit...

    ... a lawyer for Sony BMG said during a recent high-profile file-sharing trial that making one measly copy was, "a nice way of saying 'steals just one copy'."

    Don't you just love the word games lawyers play? Well you don't have to be a lawyer to play word games. I can do it too. Here's my shot at playing games with words.

    Saying "someone murdered a lawyer for Sony BMG" is just an unkind of saying "someone did society a favor."

    Aren't word games fun?
  23. Not again!!! Unauthorized does not mean illegal! by Anonymous Coward · · Score: 0

    The record company does not authorize you to make copies. Fair use makes this legal, but still not authorized. This is nothing new, 100% true, and Ray Beckerman is doing a disservice by making a big deal of it.

  24. Microsoft may get sued over this next .... by scharkalvin · · Score: 1

    Many people have umbrella policies in their home owner's insurance. I do.
    Now many people who own computers and are connected to the internet are buying music
    from itunes, have a home network to inter-connect more than one PC for resource sharing
    among computers. And many people own iPods and rip their own CD's using iTunes, leaving
    the music files on the computer. We all KNOW how secure Windows is against intruders from
    the internet. It's possible that some downloaded Trojan or Virus could somehow open up
    our disk files to be viewed from the internet, without our knowledge. And, it's
    Microsoft's fault for not making Windows secure to this threat.

    So, I'm waiting for someone who get's hauled into court to face the RIAA to talk to their
    insurance company about a claim against their umbrella policy for protection, since this
    was NOT of their own intentional action, but a result of insecure software / hardware that
    they purchased. So, insurance company counter sues Microsoft (AND ISP provider, modem / router
    maker, etc).

  25. So What Happens Afterwards? by Bones3D_mac · · Score: 1

    Just out of curiousity, what happens to all that music these companies "own" if they all go down in flames? Does it all get buried under litigation for potentially decades until our legal system can define who owns what? If so, we might well be headed back to the age of "talkies", where the only music that accompanies anything is created in the present along side the content itself.

    --


    8==8 Bones 8==8
    1. Re:So What Happens Afterwards? by roguetrick · · Score: 1

      Either individual IP, or the entire company will be sold off for debts, or the company itself will be bought/merged. Only way to make old IP disappear is to change the laws or wait until the expiration period. Bigger issue is the new music.

      --
      -The world would be a better place if everyone had a hoverboard
  26. I'm doing my part . . . by SgtSnorkel · · Score: 1


    . . . no RIAA music for me for the last five years.

  27. The industry should be up for a Darwin Award by Garwulf · · Score: 1

    I've got to say it - the big labels really are at the point of deserving a Darwin Award at this point in time. They couldn't do a better job of committing suicide if they tried. Actually, I'd be amazed that if they had any good will left at all.

    Each of the mistakes they have made is a killer:

    1. Alienating their own creative talent. Copyright exists for a reason, and it isn't what the RIAA would have you believe it is - it's there to protect creative artists from the sort of treatment that the RIAA labels give the recording artists. So, it's now well known that if you sign a deal with one of these labels, they'll shaft you. Now that there are inexpensive alternatives, what do the recording artists need the labels for, anyway?

    (For the record, the most important role copyright serves is to provide a legal framework for the interaction between creative artists and those who publish or distribute their work. It's thanks to copyright that a creative artist can submit their work to somebody who can market it properly, without having to worry about that work being stolen by the distributer. The end user, regardless of what the RIAA may say about it, has very little do to with the purpose of copyright.)

    Easy solution: STOP SHAFTING THE ARTISTS. In fact, recording artists DO need record labels, as a corporation like a label has the assets to get music out and publicized in a way that a single recording artist could never do on their own. If the recording artists were just treated fairly, instead of being driven into debt while their CD sales make millions, then the record labels would have no difficulty retaining artistic talent.

    2. Trying to wipe out new markets. Forget inability to innovate, Napster was a debacle. While it is wrong to pirate music, Napster was a huge opportunity. Imagine it for a minute - an entire community of early adapters, moving all sorts of music around on their own, and most of them people who would buy CDs, as at the time the file format wasn't as high fidelity as a CD. So, what do the labels do? Crush it.

    Easy solution: take over the market. How can you get cheaper advertising than Napster? Flood it with high-quality samples for each of your albums, and watch the sales soar. That's the point of a music video, isn't it? Advertising? And these guys will do all of this for you for free! If the labels had adapted Napster instead of trying to crush it, they would have made record amounts of sales in those years.

    3. This has to be one of the stupidest moves I've ever seen - starting a legal campaign against their own markets. And, they began it by impersonating police officers. So, now their own customers view them as a bunch of thugs. Then, they go after the students in the universities, which is where their future lifetime customers would be found, and sue them - or try to extort money.

    Very easy solution: Stop going after the insignificant filesharers, and actual concentrate on pirates! If you're going to launch a lawsuit, go after somebody who is pressing copies of your CDs and selling them without the rights to, not some guy on a bit torrent. DON'T SUE YOUR OWN CUSTOMERS!

    So, in three steps, they've alienated their talent, their distribution streams, and their customers. Who is left?

    When these record labels fall, it will be their own fault. There is plenty of space for them, and they certainly could have had a profitable role in the music scene today. But to act with this much stupidity, and then be surprised when the market rejects them, is Darwin Award-worthy material.

    The big problem, though, is that they could take copyright down with them, and that would be a very big problem for the rest of the artistic field. The labels may be abusive thugs when it comes to copyright protections, but the rest of us - writers, publishers, artists, etc., do need copyright intact in order to operate, and the image that the labels are creating of what copyright is in both letter and spirit is extremely misleading. The ill will they're spreading could bring the rest of us down.

    --
    Robert B. Marks
    Author, Demonsbane in Diablo Archive
    1. Re:The industry should be up for a Darwin Award by The_reformant · · Score: 1

      STOP SHAFTING THE ARTISTS. In fact, recording artists DO need record labels, as a corporation like a label has the assets to get music out and publicized in a way that a single recording artist could never do on their own. If the recording artists were just treated fairly, instead of being driven into debt while their CD sales make millions, then the record labels would have no difficulty retaining artistic talent.


      I see so many people saying oh well artists dont need the labels and as the parent points out this is just rubbish. artists require the distribution channels and assets. Furthermore the distribution channels sewn up by the majors aren't even just cd's in HMV or virgin. The majority of radio stations and all tv stations just won't play material from smaller label players, with streaming radio facing huge broadcasting fees this is likely to continue to spread into the online world as well.

      We will almost certainly see further dirty tactics from the industry heavyweights, for example by denying the use of the music they have licence to on stations which promote small talent making it impossible for these stations to compete in anything but niche spaces.
      --
      I have discovered a truly remarkable sig which this post is too small to contain.
    2. Re:The industry should be up for a Darwin Award by jdjbuffalo · · Score: 1
      Great post! But I do have a few points of contention...

      And these guys will do all of this for you for free! If the labels had adapted Napster instead of trying to crush it, they would have made record amounts of sales in those years. They did make records profits and CD sales during the Napster time. They have been on the decline ever since. They really killed the Golden Goose here.

      The big problem, though, is that they could take copyright down with them, and that would be a very big problem for the rest of the artistic field. I don't see this happening. The current apathy of the American Public is too great (baring something akin to 9/11 to wake them up to the political reality they are in). Also, I want to see copyright take down but not totally, it just won't look like anything we have today.

      But don't think of it like a bird soaring in the air and taking a nose dive, instead think of it like a pendulum. On the left is no copyrights at all (not reasonable) and on the right is very restrictive laws and no fair use. Right now we are pretty close to top on the right side but there is a lot of pushback as should be expected whether you're on either side far from the middle.

      What I see (and hope) happens over the next 5 years is that we start moving that pendulum back to the left and I'm hoping that we can get it move about halfway up the left side. I would say this would be about the ideal for most people. Copyright terms would be very short (but still very profitable) at 5 - 20 years total (depending on medium would be my preference). We would have clearly defined fair use (not just the fair use test but exactly spelled out uses like making a backup). The DMCA would be gone and you would have companies being able to legally sell DVD copying (not ripping, 1:1 copies) software and it would be expressly forbidden for them to put DRM on copyrighted works. Lastly, in order for you to claim copyrights you have to provide the Library of Congress a full unencrypted copy of the work (including source code in the case of software). Once the work has been released into the public domain (or has been abandoned) then it's available to the public for free or a minimal duplication fee.

      //This is what I hope will happen and I think it's still plenty fair for the people who want to make money but it will help free up our culture and I think we could very easily see an exponential growth new culture as a result of regaining everything that's been under lock and key since the 1920's.
      --
      We have four boxes with which to defend our freedom: the soap box, the ballot box, the jury box, and the cartridge box.
  28. war on some of the people who do drugs by Presto+Vivace · · Score: 1

    that is less susceptible to market forces.

  29. damned if you leave, damned if you stay by pxuongl · · Score: 1

    i've always wondered why the artists don't just get up and leave... but then after doing some googling, and reading of the standard contracts most artists sign, it seems like the reason they aren't leaving is simply because they can't.

    http://www.futureofmusic.org/contractcrit.cfm

    The labels basically own all rights to the artist's music, name, likeness, etc... they basically own everything about the artist short of their soul, and are free to exploit it as they see fit.

    and things don't stop there... if the artist chooses to leave, then all their works stay with and belong to the label for a period of effectively forever. And you will not receive royalties either, letting the label keep every penny.

    So if artists leave, they'll be screwed. If artists stay, they'll continue to be screwed, just not as badly. And there's nothing an artist can do about it, because once signed, nothing short of the top 1% of artists can negotiate out of it.

    1. Re:damned if you leave, damned if you stay by Wakk013 · · Score: 1

      When you sign a contract with "" be ready to pay the price. People want fame and fortune, and most don't truly understand the price of doing so through recording industries. I pity their choices, but they made them.

    2. Re:damned if you leave, damned if you stay by Swampash · · Score: 1

      Can you point out the point at which I'm supposed to feel sympathy?

      No-one forced the "artists" (and in almost every case I use that term in its loosest possible sense) to sign those deals. They were either greedy, stupid, or knew what they were doing and decided to sign.

    3. Re:damned if you leave, damned if you stay by jabernathy · · Score: 1

      They were either greedy, stupid, or knew what they were doing and decided to sign. Or trusted their lawyers too much. ;)

      The artists shouldn't have to worry about a record company having exclusive rights to their IP. It shouldn't be possible to sign over exclusive rights in the first place. Ownership should stay with the creator for enough time to turn a profit (by selling the rights to distribute) and then released to the public.
    4. Re:damned if you leave, damned if you stay by Swampash · · Score: 1

      - They were either greedy, stupid, or knew what they were doing and decided to sign.

      -- Or trusted their lawyers too much. ;)


      I think that falls into the second category I mentioned :)

    5. Re:damned if you leave, damned if you stay by Steve001 · · Score: 1

      This reminds me of the TV show "A Year At The Top" http://www.imdb.com/title/tt0075602/ where you literally made a deal with the Devil's son for fame and fortune for one year...at the cost of your soul. One part of the deal was you couldn't warn anyone about how bad the deal was (he/she would only spout nonsense instead of the warning).

  30. Dying? Perhaps not by PPH · · Score: 0, Flamebait
    This reminds me of the speech Bill Gates made to a computer hobbyist group. Back when his company was called Micro-soft and only sold Basic for the Altair. He complained about how all these people swapping software around were stealing and how business couldn't survive if it continued.


    I'd worry more about the record companies becoming the Microsofts of the entertainment business.

    --
    Have gnu, will travel.
    1. Re:Dying? Perhaps not by geekoid · · Score: 1

      You might want to add that swapping software was the industry norm at the time.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  31. Albums are still selling by 192939495969798999 · · Score: 1

    AC/DC recently hit the 22 million mark on "Back in Black", so I refuse to believe that albums won't sell. I do, however, believe that crappy albums will no longer sell, and that you can no longer trick people into buying a crappy album (or endorsing the band behind it) with one over-produced song.

    --
    stuff |
    1. Re:Albums are still selling by pxuongl · · Score: 1

      22 million a year or 22 million total since first release?

    2. Re:Albums are still selling by 192939495969798999 · · Score: 1

      Since first release, I heard it was something like another million or so this year. Here's a slightly out of date chart from the RIAA themselves on some albums that are defintiely still selling very well:
      http://www.infoplease.com/ipea/A0151020.html

      --
      stuff |
    3. Re:Albums are still selling by geekoid · · Score: 1

      Yes, VERY few groups have that kind of success. Less then 1/100 or a percent. It's more of an anomaly.

      I believe it was less then 1 million last year. I think around 500K; which after 27 years is fantastic.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  32. failing to adapt by zogger · · Score: 3, Insightful

    They have a 20 year old notion of how much a "unit" they need to make. This notion is ludicrous given the tech advances we have. They failed to keep dropping prices for their disks when they could. Instead of using the volume sales concept, they stubbornly stuck to making dollars profits on cents worth of plastic and paper. They just don't get it that price gouging doesn't work. The ultimate decision makers in that industry who decide pricing levels are *all millionaires*, they just can't relate to what stuff costs anymore for people who are not. And the legislators they "consult" with, similar. they live and work in an extremely expensive part of the US, DC, and none of them can be considered "working class" in the traditional sense. In short, the pair of them that try to set pricing and laws when it comes to IP and tech advances mean for tangibles cost just can't see the forest for the trees, they have no practical frame of reference. And even with "market studies", those can be flawed as well, and the ultimate proof of "market studies" is whether or not your widget you sell sells with full customer satisfaction or not, and in this case, they fail it, so even their marketing studies are therefore flawed by empirical evidence. We can all see it, right there in plain sight. If they weren't, we wouldn't be seeing these articles all the time or be discussing copies and copyright and so on. They just can't handle the innovation and ramifications of replicator technology so far, even though we are still in the tiny opening phases of such tech. That means as we get closer to cheap tangibles replication for the "masses" guy, star trek level tech, headed that way, they will continue to screw up, using their concept of enforced luddism by "law" as a business model. It is not only just plain ignorant and stupid, it is harmful to the over all economy and for society in general.

  33. Mod Parent Up... by Penguinisto · · Score: 2, Interesting
    Seriously - he's right. The Tobacco Industry saw it coming a long time ago. Because of the diversification, they are able to sell a pack of smokes at a loss (the vast majority of the $4.00 or so you pay for a pack of smokes goes to taxes, followed by retailer mark-up. Most convenience stores IIRC make a huge chunk of their income not on gasoline --which is a loss leader for them-- but by selling ciggies). Tangent aside, most cigarette brands are sold on razor-thin margins or at periodic loss for the manufacturer (this is due to a combination of price pressure brought on by draconian taxation at the retail side, and the amortization of billions in 'fines', brought on by Congress during their little lawsuit/grab in the mid-1990s). In spite of that, these same corps are still well-able to do things like sponsor NASCAR races. That dough doesn't come from tobacco (it used to), but from profits off the food side of their holdings.

    The music industry does have one advantage that tobacco doesn't - the RIAA has a sizeable menagerie of pet congresscritters on both sides of the aisle (e.g. their lead lapdog, Sen. Orrin Hatch (R-Utah)).

    /P

    --
    Quo usque tandem abutere, Nimbus, patientia nostra?
    1. Re:Mod Parent Up... by Anonymous Coward · · Score: 0

      Just for interest, in the UK:

      Smokers are heavily taxed - nearly 80% of each packet of 20 cigarettes is duty, or £4.03 ($7.96) of the cover price of £5.23 ($10.33) (exchange done using xe.com). (Cost of packet of 20 from 16 March 2007 so you can guarantee the cost of a packet of 20 is even higher now.)

    2. Re:Mod Parent Up... by Anonymous Coward · · Score: 0

      Well, very few people get killed by CDs, so it's less of a liability for a Congresscritter to be seen supporting the RIAA.

    3. Re:Mod Parent Up... by CodeBuster · · Score: 1

      I thought that Tobacco sales overseas were still fairly profitable, even if sales in the United States and Europe have been declining for years now on top of high taxes, lawsuits, and health campaigns. The American cigarette is known and liked the world over, particularly in Asia, among smokers and many of them are either unable to or are not sophisticated enough to sue foreign corporations for damages or maybe they simply don't care.

    4. Re:Mod Parent Up... by mgblst · · Score: 2, Informative

      This is a moronic statement. Why would they continue selling cigerattes if every packet was a loss for them - this statement simply makes no sense at all. If they make money from the food holdings, then why not stop selling cigarettes, or sell of the brand, and keep with the food.

      This sort of mindless rant doesn't help anyone. You do realise that taxes are a percentage of the cost of cigarettes??

  34. Re:The **AA can't afford any more attention like t by cashman73 · · Score: 1

    And $50 says that one DVD came from the bargain bin at Wal-Mart for $5!

  35. Re:The **AA can't afford any more attention like t by tkw954 · · Score: 1

    Yeah, this is the first Christmas I remember that no-one in my family gave or received a CD. I did get concert tickets, though...

  36. Look to wedding photography by Solandri · · Score: 3, Interesting
    Before cheap scanners and color inkjet printers, most wedding photographers would shoot the wedding for free or at-cost. They would charge up the wazoo for the prints and reprints. When scanners and color printers became cheap, people just started scanning the prints (or sometimes the proofs) and running off all the copies they wanted. In response, wedding photographers have mostly moved to a model where they charge all the money for shooting the wedding, then give the prints away for free or at-cost.

    I suspect musicians will go the same route. Songs will be given away as free advertising, and they'll make their money by booking performances and concerts (and selling memorabilia at such). For all practical purposes that's the way most of the RIAA-contracted musicians work anyway right now, since the studios keep 95% to over 100% (the band owes them money) of all the proceeds from song sales.

  37. Too little, too late by marcosdumay · · Score: 2, Insightful

    And by the same time, MS brings OOXML to the table.

    If they want to become nice, they need to do that in a consistent way.

  38. you're not very bright by circletimessquare · · Score: 1

    "Like the movies and tv shows and games they enjoy today will still be made if no one ever pays for them."

    that's a colossal statement of your stupidity

    they made music in the time of mozart you know. how many cds were around then?

    and how much does it cost someone actually produce an album nowadays? hint: it's around the price of a laptop, because THAT'S ALL YOU NEED NOWADAYS

    likewise, the golden age of movies occured when there were no dvds or vcrs (something which the movie industry fought tooth and nail, because it was going to kill their business... and now represents a huge cash cow for them... whu!?)

    hmmm... making money off of pirates of the caribbean might involve theatres... theatres that continue to fill seats even though everyone has a television set (which people said were going to kill movies in the 1950s btw)

    but of course, movie theatres are going to be dead because everyone wants to look at a crappy copy on their 17 inch monitor in their parents basement by themselves

    pffffffffft

    you sir, are an idiot

    you don't understand your subject matter

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:you're not very bright by Anonymous Coward · · Score: 0

      "they made music in the time of mozart you know. how many cds were around then?"

      Huh? Mozart made a significant proportion of his income from music publishing.

      "and how much does it cost someone actually produce an album nowadays? hint: it's around the price of a laptop, because THAT'S ALL YOU NEED NOWADAYS"

      Oh sure, and it's all you need to make a feature film too. Pixar make films with a computer don't they?

      When you actually have to make a good sounding professional recording, you will find that all the things like good acoustics, instruments, monitoring, mics, competent engineers etc are not vague concepts that can be ignored, but essential tools of the trade.

    2. Re:you're not very bright by Microlith · · Score: 1
      Good job jumping to the ad hominem, you might have had a point but it faltered so you resorted to the lowest measures.

      they made music in the time of mozart you know

      Indeed, and he was paid by kings and listened to by royalty. And as such, made what the kings and royalty wanted. Just so happened he was good enough that they liked what he made.

      What if they didn't?

      The rest of your post is a nonsensical screed pointing out that legitimate forms of media transport didn't in fact kill them, while your original point was wistfully awaiting the day that you and others could freely trade, en masse (something unlike all previous events), their entire works in high quality.

      To reflect your own words back at you, "you sir, are an idiot." Nothing you said has ANYTHING to do with the complete and utter undermining of copyright. We'll just go back to Mozart's days, when works were few and far between, paid for by kings, to the king's taste.

      Or we'll just get more trashy reality shows that truly have no value the day after they air.
    3. Re:you're not very bright by cdrguru · · Score: 1

      Well, that's a silly response.

      they made music in the time of mozart you know. how many cds were around then?

      Yes they did. Mozart was sponsored by rich patrons and his music was for their ears alone. The average peasant wasn't even aware Mozart existed. It certainly can be that way again.

      and how much does it cost someone actually produce an album nowadays? hint: it's around the price of a laptop, because THAT'S ALL YOU NEED NOWADAYS

      Absolutely. You don't need a studio. Who cares if you have echos and weird acoustics from your basement or garage. Nobody is going to notice that jet plane noise either. Just edit it out, right? Heard of Darwin Reedy? This is the music of the future. People will pay for stuff like that. Britney is gone. Check out Darwin!

      Finally, movies are pretty much dead. When you have a DVD that is available to the rippers the day after the movie opens in the theaters, why bother? Theaters are running the show with 20 people a lot of the time because absolutely people want to watch the movie on their crappy 17" monitor for free. When the movie theater is free people will be glad to go there again. Right now, a lot of people are voting with their wallet and having discovered free movie downloads they aren't bothering. More money for beer.

  39. Yup. MS is the primary supplier of the tool... by Anonymous Coward · · Score: 1, Insightful

    ...which ordinary folk use to pirate copyrighted music and movies. By far, Windows is that tool which facilitates and enables the piracy since it was made to play, store and share digital multimedia files in its very core design and make it so simple that any average joe can do it.

    MS has very deep pockets too, and up till now has been either a sacred cow that nobody dares stick a knife in, or a sleeping 900 pound gorilla that nobody dares wake up, or both. But the times are getting dangerous, and the **AA are getting desparate so who knows what will happen.

  40. Weird Moderation by spun · · Score: 1

    Why did the previous comment get modded down to 1 instead of the 2 my comments usually start at? All without any kind of moderation attributed to it, not even an 'overrated' or 'offtopic' Hehe, I think I pissed off Slashdot's resident right wing assclown Pudge the other day.

    --
    - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
  41. Mr. T says pity the Motley Foo by debatem1 · · Score: 1

    sorry guys, but if i had a nickel for every prediction the motley fool has made I'd be richer than they are.

  42. Going After Network Shares... by Wakk013 · · Score: 2, Interesting

    Hesitate to explain this, but....

    Every windows computer is sharing everything, unless specifically disabled to NOT do so. Does the standard consumer understand this? No... Is it even instructed... NO. Does MS want you to remove the administrative shares? NO...

    Every computer by default, first install... C$ is open and available. Its a share.

    I strongly believe the RIAA lawyers have run out of ground to stand on.

  43. They're not "vicious", they're sad and pathetic by WebCowboy · · Score: 1

    They're hurt and desperately striking out at anything, in hopes of somehow surviving.

    That day has even passed. RIAA is like a starving rat with its leg caught in a trap. It isn't trying to strike out at anything anymore; it is trying to gnaw off its own limb (ie. the paying customers it once appreciated long ago) to escape.

    They've relied on the creation and maintenance of an artificial business model and marketplace for a long time now, and it has required more and more draconian laws to keep it workable as technology advances (starting with the "Mickey Mouse laws" extending terms of copyright beyond the human lifespan, trying to make the record button on VCRs illegal, and culminating with the successful passing of the DMCA). They're running out of options now, because going much further would either violate constitutional rights or cause undue harm to consumers and other industries.

    It's interesting that people are still surprised that RIAA believes it is stealing even to rip legally purchased music onto a computer purely for your own enjoyment. RIAA and its counterparts around the world have never been fans of fair-dealing provisions in copyright law and have done their best to contain such rights at the WIPO level. The RIAA objections go even further than copying paid-for music to PCs or making MP3 CD Mixes to play in your car stereo (I find keeping 6 CDs full of MP3s in my car stereo extremely handy). A few years ago I heard what CRIA (the Canadian counterpart to RIAA) thought not only about what constitutes fair-dealing in terms of making personal copies, but what should count as "public exhibition". According to the CRIA representatinve on this radio interview:

    * Public exhibition doesn't mean you've charged admission for the purpose of consuming the content (listening to music, watching movies, etc). Basically it means (to CRIA) ANY BROADCAST outside the personal domicile of the purchaser, or to consumers who to not reside at the point of broadcast. For example, if you invite your neighbours over for the Grey Cup final, or play the radio through your truck's speakers at a tailgate party at the stadium it is a "public exhibition". If you are working out in the yard and enjoy having music to listen to better but on earphones because if you use speakers that others can hear you are engaging in public exhibition.

    * This CRIA representative advocated extra fees for any sort of "public exhibition", including non-commercial cases as stated above. For consumers in Canada that would generally mean new levees on any device capable of playing media to more than one person (presently levees are paid on recordable media and devices capable of duplicating content only--iPods are taxed, but read-only CD players are not taxed the same way).

    * The CRIA representative counted COMMERCIAL public exhibition as ANY BUSINESS THAT EXHIBITS CONTENT THAT CAN BE VIEWED OR HEARD BY ITS CUSTOMERS, and figured that it justified paying more for the right to use the content (ie. the same higher amounts movie rental stores might pay for a license allowing them to rent out DVDs, or what sports pubs pay to show pay-per-view sporting events, or what DJs are SUPPOSED to pay for their music). This includes the delis and Chinese buffets and such that show television broadcasts viewable by diners, dentists offices that play radio stations in their waiting rooms and taxi drivers who leave their radio on when they have a fare. These are specific examples the CRIA representative gave in the interview where they'd like to see more enforcement of "public exhibition" rights restriction.

    * The CRIA representative also accused schools and libraries of "being poor role models" by allowing copyright violations to go un-checked. The CRIA wanted to crack down on "excessive duplicating" for example, and believed that an extensive "education campaign" should be rolled out at these institutions to make our children aware that "violating copyright law is like stealing". He gave the suggestion that

  44. Re:The music industry is being killed by pirates by Wakk013 · · Score: 2, Insightful

    A publicity stunt in which they told everyone ahead of time how long it was going to be available in that way, and when they were going to close their doors to it. A stunt in which they grossed more in one day than they could all year going on tours and reselling merchandise.

    Yeah it was a stunt alright. And now they understand full well how much money they could earn just by doing what's right for them.

    As for piracy killing the market and business... No. Piracy only accounts for about 20-30% sales loss, and its always been present, in all shapes, forms, and is an age old issue all persons have had to deal with throughout history. Technology has accelerated it, but it didn't make it worse.

    The problem is that the industry didn't keep up with technology. End of line. They failed to grow with the rest of the world, and now they either find a way to grow rapidly and regain the edge, or it fades away and is replaced with another group that will basically do their old jobs better and more refined.

    Its the way of life.

    Now stop posting as an anonymous coward, RIAA Rep :)

  45. Read the disclaimers by Shteven · · Score: 0
    I just thought some special attention should be paid to his disclaimers at the end, which are priceless:

    Amazon.com and Yahoo! are Motley Fool Stock Advisor recommendations. Microsoft is a Motley Fool Inside Value selection. Peruse either newsletter free for 30 days without fear of lawsuits.

    Alyce Lomax does not own shares of any of the companies mentioned. The Motley Fool has a disclosure policy that can't be found in thiefdom.

  46. It ain't just slashdotters... by bwcbwc · · Score: 2, Insightful

    If it was just Slashdotters that were no longer buying CDs, the RIAA wouldn't be so panicked. It's all the college students that can install a BitTorrent (or whatever) client and download music. It's all the people that buy music downloads from non-RIAA artists. It's even the legal download services that legally sell RIAA music, because the RIAA mindset still hasn't fully adopted that market strategy (hence DRM).

    --
    We are the 198 proof..
  47. Re:Not again!!! Unauthorized does not mean illegal by Wakk013 · · Score: 1

    Then please define and explain how it can be legal but not authorized? If its legal for me to do it, I don't care if you authorize it or not.

  48. Stock move by Anonymous Coward · · Score: 0

    Q: when is it a good time to short RIAA stocks?

    A: any day the market is open.

  49. Percidere emptor; futuere cliens. by AliasMarlowe · · Score: 1

    Translation: "Get buggered, buyer; get fucked, customer."
    A new motto which might suit the RIAA/MPAA.
    [Actually adapted from an admonition of Priapus, the biggest dick among the Roman gods]

    --
    Those who can make you believe absurdities can make you commit atrocities. - Voltaire
  50. so let me get this straight: by circletimessquare · · Score: 1

    the movie industry needs dvd income in order to survive?

    oh great genius: how did they ever make massively expensive movies when there was only movie theatres?

    i await your divine wisdom

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:so let me get this straight: by Anonymous Coward · · Score: 0

      I talked about music publishing and laptop production, not DVDs and cinemas.

      But, since you asked so nicely....

      No they don't *need* DVD sales to survive, but they are part of modern film making as much as 'bums on seats' in the cinema.

      Film budgeting is based on how much the film will cost to produce, and how much money it is likely to make.
      Now DVDs exist, their sales can be translated into larger initial production budgets.

      Hence, film budgets are at a historical high.
      http://www.the-numbers.com/movies/records/allbudgets.php
      http://en.wikipedia.org/wiki/List_of_most_expensive_films

      So, while there were a few very expensive films made when there were only movie theatres, they don't really compare to the budgets available since DVD, video, television etc enlarged the market.
      Also, the higher budgets have widened the quality gap between the commercial and amateur efforts, enabling the large film producers to keep hold of the market and thus recoup their huge investments.

      Of course, it's possible to make music and films without DVDs, CDs, the internet and cinemas. But if you want to make *commercial* films, you need distribution to the customers and some kind of budget.

  51. They don't say.... by wpiman · · Score: 1

    to go short of the stock. If this is truly a dying industry, you can profit from it in that way.

  52. Re:The music industry is being killed by pirates by logicassasin · · Score: 1

    I'd be willing to put money on the bulk of "piracy" being downloads of long out-of-print music and not just on the current offerings from the record labels.

    I hear all the time about people finding rare songs or whole albums online and how great it was that SOMEONE out there encoded it and shared it. The labels refuse to do it, so how else is anyone going to get it? If it's not being offered in the stores or online for purchase, the only alternative is to scour Ebay or second hand shops for that music. The RIAA doesn't see a dime of second hand purchases, so why should it care if someone d/l'ed that song or album that they're not selling anyways? There's lots of old hip hop, funk, and soul that are out of print that I'd love to hear again, but according to the RIAA, I'd be engaging in a criminal act if I seek it out and download it from some p2p network. In some cases it's the only way to hear that music, so what am I supposed to do?

    --
    Fifty watts per channel, baby cakes.
  53. Re:The **AA can't afford any more attention like t by Trailer+Trash · · Score: 1

    DVDs are expensive? I get them for $5 out of the bin at Wal-Mart, don't know about you but I find that to be a fair price. Better yet is that I can get old Andy Griffith episodes for like $1 for 8.

    DVDs are cheap unless you need to get the latest just-released movie.

  54. in my trollish stupidity by circletimessquare · · Score: 1

    i somehow seem to understand the world better than you

    moron: how much does it cost to make and distribute a song, worldwide, nowadays?

    oh, somewhere around NOTHING

    i leave it to your exalted genius to realize the real driving force behind the collapse of copyright: no economic model behind it to prop it up

    and i reserve my contempt for you, whose mind seems to be 15 years behind the technology

    yours in derision

    xoxoxoxoxoxox

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:in my trollish stupidity by Microlith · · Score: 1
      Good job on jumping to the insult. At least you're consistent(ly bad.)

      moron: how much does it cost to make and distribute a song, worldwide, nowadays?
      oh, somewhere around NOTHING

      It does not cost nothing. There are costs, you simply aren't thinking of any:
      - Instruments.
      - Equipment to do the recording.
      - Knowlege to do the recording properly (feedback? line noise?)
      - Time to write the songs.
      - Time to score a song.
      - Time to do the recording.
      - Time to master the recording (it's not like you can just dump to .mp3 and you're good.)
      - Distribution costs (whoa, you thought these were gone, but that website of yours has to come from somewhere.

      And that's just for a song, possibly an album. This completely excludes movies, TV shows, video games, and a pile of other media that can be distributed over the internet but still have very real costs associated with production.

      the real driving force behind the collapse of copyright: no economic model behind it to prop it up

      Copyright isn't collapsing. If it were then I'd see Barnes and Noble printing up their own copies of every book for pennies on the dollar, and Best Buy carrying Best Buy Super Music collections with every song of Genre X. What's happening is people like you feel entitled to screw over the people who actually create these works you enjoy, and eagerly await the day where you can enjoy the works of creators without ever paying them, at all, for it. Which means eventually everything would be unprofitable and a huge percentage of people who create things these days simply will not.

      There is a model behind it, it's called paying people for their effort. Copyright allows us other ways of getting creative works out without needing the rich to sponsor works.

      and i reserve my contempt for you, whose mind seems to be 15 years behind the technology

      Then be contemptful, and wallow in your ignorance. I see you wiped the .sig about your horror flick, did the costs become too much?
  55. Sorry, no slaves for you by spun · · Score: 1

    Bullshit. I said cooperation is voluntary, meaning we don't have to cooperate with non-cooperators. You want the power to economically oppress people, well we aren't going to let you own slaves, sorry.

    Cooperation and consent don't exist in a free market where a small oligarchy controls all the resources. Capitalism invariably leads to empire building, read some history. The free market is an unbalanced system with no checks and balances and a bunch or runaway feedback loops. Once again, we you libertarians offer simple solutions to complex problems that just don't pan out in the real world. You see, we tried lassez faire, and it failed miserably, leading to robber barons, 7 day work weeks, rampant poverty, dangerous working conditions, and pollution. You know what saved us? Wasn't the free market, bub, it was people organizing together voluntarily to protect their interests against fat-cat would be slave owners like you, you oppressive little elitist git.

    --
    - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
  56. Jamendo now has enough music; RIAA is dead. by Anonymous Coward · · Score: 0

    Any big label artist is normally stuck in an impossible to leave contract. Look at the stupidity that the Prince Formerly Symboled by Name had to get up to to escape his contract. The death will come partly from unlicensed copying but also from completely different alternatives with different artists. I refuse to download as long as I believe it's illegal which has kind of locked me out of music buying recently (I thin RIAA music is immoral). Driven by this I finally got round to going onto Jamendo was suprised to find that for my music tastes (jazz mostly) there's already enough music there to stop me buying albums for a year. I was so suprised I donated a few tens of euros to random artists there. The content from Jamendo isn't going to (can't) go away; it's just going to grow. When you can get all the old good music, the constant charts treadmill the RIAA and co. force on you goes away and you can just choose and listen to the music you like.

    I'm guessing that that doesn't yet apply to "pop" people (though I'm really not sure - there's quite a bit of rock on there) but if it's true for just a few groups of listeners now then within a few years there's going to be no need even to go to the risk of illegal downloads and the music industry will lose it's last few "law abiding" customers like myself.

  57. They did this for other albums as well.. by Anonymous Coward · · Score: 0

    for rap albums, though i know its not really for the slashdot crowd..

    Gang_Starr-Greatest_Hitz-2007
    Master_P-Greatest_Hitz-2007
    N.W.A.-Greatest_Hitz-2007

    Milking old albums and tracks that everyone already has for every last penny they think they are worth. I love gangstarr but what the fuck, because they (gangstarr) did'nt sell out to virgin they are gonna realease their shit without permission?

    pisses me off..

    On side note, i guess adding a "z" to the end of "hits" is innovating in the record industry nowandays making the record more cool.. very sad

    1. Re:They did this for other albums as well.. by gambolt · · Score: 1

      This is going to be what kills them. In the late 80s through the mid 90s they signed a lot of people from the punk and hip hop world without understand a thing about who they were. There are some people it's just not smart to screw over because they will make your life a living hell. I'm willing to bet Chuck D is such a person.

  58. People who've never heard the song by jeko · · Score: 1, Interesting

    According to the definitive Johnny Cash version of the song, John Henry did have the skills -- he could do anything you asked him to, short of a college education. What the "he was a dinosaur idiot" people on this thread are proposing is that a poverty-stricken Black child laborer in the mid-1800s should have walked over to the college and spent four years becoming a mechanical engineer so he could then go on to work on steam shovels.

    Do I even have to point out this was not exactly an option?

    John Henry was a man who took every opportunity and did everything he could to save his family until his heart literally burst. The arguments against him basically amount to telling a poker player, "Well, you should have made sure you got yourself dealt a Royal Flush on the first try..."

    Careful what we say guys, 'cause if there's a Heaven, and we make it, we'll all end up working for the likes of John Henry....

    --
    He put his boots up on the table and made a face. "The sig," he smirked. "You can waste your life in search of the sig."
  59. Investors, "beware" ?!? by Anonymous Coward · · Score: 0

    Why should investors "beware" of the Record Companies?

    Why not just beware, like normal people? Do investors have to "beware" specifically?

    Hmm. Reminds me of a silly postcard I received once.. it read: Welcome to you're "DOOM!"

  60. Re:The music industry is being killed by pirates by Anonymous Coward · · Score: 0

    Buy the new Brittany Spears album instead duh! 20 bucks!

  61. New legal justification for open downlds of music by FromTheAir · · Score: 1
    Maybe this idea will get to the right minds perhaps one of you know who they are and will create awareness. When we purchase music we purchase a license to listen to the songs we paid for. I don't think the music industry understands this; apparently this has not been clarified in the courts. We are not buying the piece of plastic they are printed on.

    It does not matter what the source is or what format we have it in. We are purchasing a license to listen at our leisure to a song or watch a movie. We can have a thousand copies because we can only listen to one at a time. Somebody needs to argue this in court. That we are in fact purchasing a license to listen, not a piece of plastic or a digital file of zero's and ones.

    This is the legal justification for open downloads of music:

    In fact the record labels need to, I think legally provide, free downloads of music. The record companies have not provided a way for me to enjoy my license to listen if the CD gets scratched, as it is now they force us to buy a new license they should probably reimburse anyone who has had to buy more than one license because of damage media. I noticed about 10 years ago CDs became very easy to scratch not the bottom but the top.

    Because the carrier medium can be damaged we should all be able to get a download of a new instance of the song we paid for from the Internet if we purchased the license to listen to it. Since the record companies have not provided a way for us to get a replacement copy the Internet downloads can ethically be justified. Truth is we don't need the record companies anymore. We can all buy from the artists direct and vote with a link what is most popular. I would be happy to pay the creative talent directly without the huge middle man cut. Another things is corporate pressure to maintain the status quo system cannot be put on artists by large corporations.

    Hopefully someone will get this into the hands of the attorneys for the defendants. and talk the idea up The record companies have failed to provide a mechanism to execute our license to listen if the media is damaged. This is the justification for internet downloads. Technically based on quantum physics there is only one copy of a piece of music in the universe. This exists in the intangible realm; all tangible manifestations of this one copy are simply a physical conveyance of this one real instance. It is an information universe, everything is ultimately just information. Check out http://iamblogging.net/ for more if you like this type of thought.

    --
    "an infinite player that has lost his finite mind" ~Infinite Play the Movie (it blends with reality)
  62. To a record company, an artist is an idiot by crovira · · Score: 1

    and their contracts prove it.

    I never got into it because it seemed that it should be illegal for me to create a song and end up having to pay somebody to negotiate a price that I'd have to pay to play it.

    And then again maybe not. (If I really pissed off some record exec, [very much my personal style,] he'd only have to say no and I couldn't play it.)

    Record companies have been broken for years and it took the internet to show us all just how broken they were.

    They're going kicking and screaming into the dust bin and its good riddance to bad rubbish.

    --
    MSBPodcast.com The opinions expressed here are my own. If you don't like 'em... Think up your own stuff.
  63. If you're an indie producer and don't need a new by crovira · · Score: 1

    Porche every year for all of your record execs, (like you have 1 versus their 100) you can actually undercut the majors, and that'll just totally piss them off. :-)

    --
    MSBPodcast.com The opinions expressed here are my own. If you don't like 'em... Think up your own stuff.
  64. When your music is just some bits on a server by crovira · · Score: 1

    and the distribution is only a download away, the artists (like Lyle Lovett, like the Futuristic Sex Robots, like ...) why go with brick and mortar at all?

    Music has a very long-tail in the digital age.

    --
    MSBPodcast.com The opinions expressed here are my own. If you don't like 'em... Think up your own stuff.
  65. RIAA's own website says personal use PC copy OK by jroysdon · · Score: 1

    RIAA says, Copying CDs... transferring a copy onto your computer hard drive or your portable music player, won't usually raise concerns so long as:

            * The copy is made from an authorized original CD that you legitimately own
            * The copy is just for your personal use.


    They themselves say you can do it, and they're now going after people who do this? Any judge who reads this should throw out any such personal use cases since the RIAA themselves are essentially giving legal advice and stating is it ok to do so.

    1. Re:RIAA's own website says personal use PC copy OK by iainl · · Score: 1

      Except that even the summary makes it clear we're talking about Atlantic v. Howell, the case we're they've supposedly made this claim.

      And what they've actually claimed is that they don't authorize transferring a copy onto your computer hard drive when the directory you place it in is under your Kazaa Shared Folders.

      Which matches what you've posted. After all, they're not psychic; it's only by sharing the rip on Kazaa that they knew it had been made.

      --
      "I Know You Are But What Am I?"
  66. Re:The music industry is being killed by pirates by Professor+Fate · · Score: 1

    Out of print music should be freely transferable.

    Does anyone else remember 'Snoopy vs the Red Baron' by 'The Royal Guardsmen'? I was a little kid and loved that song when it came out but I doubt the RIAA would consider it profitable to re-release it. I'm sure they would consider it profitable to sue me for copying it though. ;-)

    --
    Push the button, Max!
  67. Re:Not again!!! Unauthorized does not mean illegal by psxndc · · Score: 1
    Well, Ray is doing this a disservice mainly because he's doing what every lawyer does - twist the truth to suit his ends (disclaimer, I'm a lawyer). Ray REPEATEDLY says that the RIAA is going after this guy for ripping CDs which is not true. In every instance that the RIAA complains about they say that he was sharing the copies AND that being on his computer and in the shared folder is what made them unauthorized and that the defendants distributed the unauthorized copies.

    Beckerman states in his prior summary "it states the following: 'It is undisputed that Defendant possessed unauthorized copies... Virtually all of the sound recordings... are in the ".mp3" format for his and his wife's use... Once Defendant converted Plaintiffs' recordings into the compressed .mp3 format and they are in his shared folder, they are no longer the authorized copies...'"

    However, the full wording of the text is (I've bolded the parts Beckerman ommitted):

    It is undisputed that Defendant possessed unauthorized copies of Plaintiffs' copyrighted sound recordings on his computer. Exhibit B to Plaintiffs' Complaint is a series of screen shots showing the sound recording and other files found in the KaZaA shared folder on Defendant's computer on January 30, 2006. (SOF, Doc. No. 31, at 4-6); Exhibit 12 to SOF at 13, 17-18.) Virtually all of the sound recordings on Exhibit B are in the ".mp3" format. (Exhibit 10 to SOF, showing virtually all audio files with the ".mp3" extension.) Defendant admitted that he converted these sound recordings from their original format to the .mp3 format for his and his wife's use. (Howell Dep. 107:24 to 110:2; 114:1 to 116:16). The .mp3 format is a "compressed format [that] allows for rapid transmission of digital audio files from one computer to another by electronic mail or any other file transfer protocol." Napster, 239 F.3d at 1011. Once Defendant converted Plaintiffs' recording into the compressed .mp3 format and they are in his shared folder, they are no longer the authorized copies distributed by Plaintiffs. Moreover, Defendant had no authorization to distribute Plaintiffs' copyrighted recordings from his KaZaA shared folder.

    Each of the 11 sound recordings on Exhibit A to Plaintiffs' Complaint were stored in the .mp3 format in the shared folder on Defendant's computer hard drive, and each of these eleven files were actually disseminated from Defendant's computer. (See Jacobson Decl. 6 and Exhibit 1 thereto.) Each of these actual, unauthorized disseminations of Plaintiffs' copyrighted works violates Plaintiffs' exclusive distribution right under the Copyright Act.

    Do you see how much Beckerman leaves out?? Becker is completely spreading FUD about this and now other news outlets are picking up his characterization - see, e.g., Dvorak's latest rant. I am not taking a stance on what the RIAA thinks is legal or not, but the simple fact is that Beckerman is completely misconstruing what the brief says to suit his agenda.

    He also claims that the judge simple asked "Did they make unauthorized copies?" but that's NOT what the judge asked at all according to the RIAA's brief. The question they state was: "Does the record in this case show that Defendant Howell possessed an "unlawful copy" of the Plaintiff's copyrighted material, and that he actually disseminated that copy to the public?" and that is the question they are answering.

    I'd be surprised if they blatantly misstated the Order, but Mr. Beckerman hasn't provided us with a link to the original order (and no, I'm not about to go snooping around on PACER to prove my point) so we can't be sure what was on it.

    Sorry, but I have watched Mr.-might-as-well-be-Stallman-with-his-fanaticism Berckerman's story spiral well past the safety of slashdot's borders and it's time to rein Beckerman in.

    -p-

    --

    The emacs religion: to be saved, control excess.

  68. MSFT DOES pay a dividend by Anonymous Coward · · Score: 0

    And this is +5 insightful? MSFT pays a good dividend, and has done for years. A simple search on Google or Yahoo Finance will reveal this.

  69. Better reason not to invest by flyneye · · Score: 1

    The music industry is dead as disco.
    Don't throw good money after bad.

    --
    *Repent!Quit Your Job!Slack Off!The World Ends Tomorrow and You May Die!
  70. Madonna? Prince? by jotaeleemeese · · Score: 1

    Just for starters, and I am not even a pop music listener....

    --
    IANAL but write like a drunk one.
  71. Shared folder adds value for me, is it illegal? by spage · · Score: 1

    I've got 3.5 GB in "My Music", 95% of it .aac files of CDs I own ripped via iTunes. I've copied it to my Buffalo Linkstation NAS, but I can't access it all while away from home or with friends (I listen to a subset off my cellphone's 2GB SD card). The obvious solution is to give the NAS a static IP and put an HTTP server on it.

    I believe that's a substantial non-infringing use of a shared folder. And it allows distribution to anyone who discovers (or to whom I disclose) its URL. But why should I care if others break the law accessing my files? The only downside to me is if strangers over-consume my resources and ISP bandwidth.

    1. Has the MafIAA ever gone after someone for having a shared folder? I'm not talking about P2P networks, just a network-accessible folder containing copyrighted material.

    2. Surely there are lots of Slashdot geeks who have such a set up already, how's it working out for you? Can you sleep at night? Did you put a password on the folder? Can you give me its URL? ;-)

    --
    =S
  72. WHO is very important by chochos · · Score: 1

    Quantity is not everything, especially when it comes to music; you have to consider who's leaving. Last year was interesting: Radiohead, nine inch nails, Madonna, Paul McCartney. Major influences in different genres, all left their labels. When people who have been in the industry for a long time decide to leave, I think it sends a message to the newcomers. True, they made their career with the old scheme of the record labels but the important thing is they have experience and they're going into a new business model, uncharted territory, same as a new band, only they know what they don't want, so following closely what they do next might give everyone (new bands, as well as well established bands and artists) some ideas on how to make money as a band without the record labels.