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.'"

Comments

Dying? Perhaps not

[PPH]

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.

Re:Not like John Henry

[spun]

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.