Friday, January 04, 2008

Motley Fool trashes music industry

Just when you thought the RIAA was gaining traction in it's desire to get us to pay through the nose for every single format of music we use (i.e. they want to stop even ripping legit. CDs for personal use), the Motley Fool investors' advice site weighs in on the side of common sense and fair use.

From the last paragraph of their article:
As I've said before, 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. If it starts to pursue paying customers -- which doesn't seem that outlandish at this point -- then I guess we'll all know the extent of the desperation. Investor, beware.
Once the investor community starts being wary of financing the likes of 'Sony, BMG, Warner Music Group, Vivendi Universal, and EMI', it's clear that the writing is on both sides of the wall! No doubt the RIAA will just take this as a sign they're having an effect (along the lines of 'no publicity is bad publicity'), but when the real money begins to talk there have to be some more crinkled foreheads in the boardrooms of A-media-rica.

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