Laurel
Kitty Mama
- Joined
- Aug 27, 1999
- Posts
- 20,692
I know what you're thinking - OH GOD not another Napster thread... but this news is important in understanding what is actually happening in the recording industry, and for seeing who the REAL thieves are :
* * * * *
Record companies sued for price-fixing
NEW YORK (AP) - Record companies should pay back millions of dollars
in illegal profits they collected by forcing discount stores to raise
CD prices in 1995, attorneys general for 28 states alleged in a
lawsuit Tuesday. "These illegal actions certainly have not been music
to the ears of the public," New York Attorney General Eliot Spitzer
said as the lawsuit was filed in U.S. District Court in Manhattan.
The music companies maintain that they threatened to stop supplying
discount chains with thousands of advertising dollars in the
mid-1990s because the chains were selling CDs at below wholesale
cost, driving some record stores out of business. They indicated
Tuesday that they would contest the lawsuit. The lawsuit comes three
months after the five major music distributors, while admitting no
wrongdoing, settled FTC charges they unfairly inflated CD prices. See
http://www.infobeat.com/stories/cgi/story.cgi?id=2568764521-704
* * * * *
I have been and always will be in favor of Napster and other forms of because I believe that it signals the beginning of an era where ARTISTS will have the power, not the record industry. This suit clearly defines who the REAL thiefs are. They may shut down Napster, but the RIAA's monopoly on distribution is on the way out. I say good riddance. Many well-known artists are working together to create a venue much like what Stephen King has done - to distribute their music online themselves so that they, as the artist, have CONTROL over their work. And every day yet another takes Napster's side - Prince spoke out against corporate labels controlling his music and his career, and applauded Napster.
This is an important issue for all of us, especially you writers. What happens here with the music industry will affect all forms of entertainment - books, movies, all the way down the line. I'm wondering what you think of the recent events, and how you think this will affect you and your craft in the next ten, twenty, fifty years...
* * * * *
Record companies sued for price-fixing
NEW YORK (AP) - Record companies should pay back millions of dollars
in illegal profits they collected by forcing discount stores to raise
CD prices in 1995, attorneys general for 28 states alleged in a
lawsuit Tuesday. "These illegal actions certainly have not been music
to the ears of the public," New York Attorney General Eliot Spitzer
said as the lawsuit was filed in U.S. District Court in Manhattan.
The music companies maintain that they threatened to stop supplying
discount chains with thousands of advertising dollars in the
mid-1990s because the chains were selling CDs at below wholesale
cost, driving some record stores out of business. They indicated
Tuesday that they would contest the lawsuit. The lawsuit comes three
months after the five major music distributors, while admitting no
wrongdoing, settled FTC charges they unfairly inflated CD prices. See
http://www.infobeat.com/stories/cgi/story.cgi?id=2568764521-704
* * * * *
I have been and always will be in favor of Napster and other forms of because I believe that it signals the beginning of an era where ARTISTS will have the power, not the record industry. This suit clearly defines who the REAL thiefs are. They may shut down Napster, but the RIAA's monopoly on distribution is on the way out. I say good riddance. Many well-known artists are working together to create a venue much like what Stephen King has done - to distribute their music online themselves so that they, as the artist, have CONTROL over their work. And every day yet another takes Napster's side - Prince spoke out against corporate labels controlling his music and his career, and applauded Napster.
This is an important issue for all of us, especially you writers. What happens here with the music industry will affect all forms of entertainment - books, movies, all the way down the line. I'm wondering what you think of the recent events, and how you think this will affect you and your craft in the next ten, twenty, fifty years...