Sunday, November 18, 2007

Record companies are angry and bitter

Record companies, and some rock stars, are bitter that their old business model is dead. They hate the internet for taking their money. Apparently, Gene Simmons, known for his civil discourse and genteel personality, has joined Madonna and other fan haters in blaming the audience for the decline of the music industry.

Meanwhile, in a new law, Congress is going to withhold financial aid money to colleges and universities that don't punish students for copying music, and don't hand over student names to the music and movie industry.

In understand people wanting the law enforced. But like the CEO of Warner Music admitted recently, the music industry went to war with their consumers. And that's not going to create success. Even if it's illegal for people to steal your product, you have to be reasonable about it. It'd be like if Wal-Mart broke down people's doors and foreclosed on their house for stealing tube socks.

1 comment:

Erin said...

Or like if Neiman Marcus beat down people's doors for buying socks from Walmart (since many of us pay for file-sharing, not just steal).

Hmm, interesting predicament.