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

Talking out both sides

[emeb2]

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.

Magnatune.com

[ProteusQ]

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.]

Re:The vicious last bites of a wounded animal

[RobBebop]

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.