Oh, right, we have to stamp out piracy because we’re doing it all for the poor starving artists, right?
No, actually not.
WASHINGTON — Record labels are asking a panel of copyright judges to lower the rate they pay music publishers and songwriters for the use of the lyrics and melodies with which they create sound recordings…
During the period when piracy was devastating the record industry, the RIAA argues, profits for publishers rose as revenue generated from ringtones and other innovative services grew. Record industry executives said there was nothing strange about seeking a rate change that would pay less to the people who write the music.
So next time you read in our newspapers about how the latest arrests of music downloaders is GOOD for the artists, remember what they really mean is good for the record company executives.
2 Comments
been to a pasar malam recently?
Actually according to mainstream economics it *is* good for them.
Your analysis has to be consistent.
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