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Warner Music Pushing Music Tax For Universities 375

An anonymous reader writes "Warner Music is pitching the idea of a 'music tax' for various top universities. The idea is that students would be free to file share, but the university needs to monitor and track everything, create a pool of money, hand it over to a recording industry entity that promises to distribute the proceeds fairly. In exchange, the university gets a 'covenant not to sue' from the music labels. It's not a full license, just a basic promise that they won't sue. It's also claimed that this is 'voluntary' but the Warner Music guy says that they need to include all universities and all ISPs to really make it work. It's basically a music tax, where the recording industry gets to sit back and collect money."

Put not your trust in money, but put your money in trust.