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Investors, "Beware" of Record Companies

Posted by kdawson on from the rats-heading-down-the-hawsers dept.

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.'"

2 of 301 comments (clear)

  1. 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?

  2. 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?