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Music

Latest Music Piracy Study Overstates Effect of P2P 283

Blackbeard writes "A new study from pro-business think tank Institute for Policy Innovation claims that music piracy accounts for $12.5 billion in lost output to the US economy. That includes 71,060 lost jobs and $422 million in lost tax revenues... if the figures are accurate. Ars Technica's write-up points out a number of flaws in the IPI's reasoning. 'The study makes for some alarming reading, but it suffers from a few significant flaws. First and foremost, it appears to fall into the "illicit downloads = lost sales" fallacy, the view that each song obtained over a P2P network is a lost purchase.' There's more: 'The IPI study also assesses the increased demand for music if piracy didn't exist and assumes the market would remain as "intensely competitive" as it is today. The problem is that music fans are largely disenchanted with the market. By and large, music fans think that music is too expensive, and that much of what is available isn't very good.'"
Sun Microsystems

Submission + - Sun changes stock symbol to JAVA

_damnit_ writes: The wounded ship that was once SUNW is now JAVA. CEO Jonathan Schwartz announced on his blog that they will change their NASDAQ stock symbol to try and capitalize on the success (?) of Java. For a long time people have been waiting for Sun to monetize Java. Having JAVA as one of NASDAQ's most active doesn't really address that issue but Jonathan is thinking outside the box I guess. Now if they could just gain revenue they could stop laying off staff.

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