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Comment Paying the piper (Score 1) 638

With all the taxes and fees included I end up paying Time-Warner Cable (NYC) about $60 per month for broadband access (plus another $40 bucks for D-TV). Sixty dollars is roughly equivalent to buying four CDs a month or 48 per year. While I steal all my music nowdays instead of buying CDs, I end up spending more money on broadband than I ever did on music; moreover, whenever possible I tried to buy used CDs, and the RIAA made no money off those purchases. My primary motivation for getting broadband a few years back was to run Napster.
The end result is that while other media giants may have lost some revenue due to my file-sharing, AOL-Time Warner has gotten $60 per month for three years (over $2000).
Could it be that p2p music piracy is already generating revenue for huge media conglomerates? Could it be that merely looking at the trend in CD sales overlooks the larger economic picture?

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