Comment RIAA gets verbally spanked... (Score 1) 260
Being a recent c-span junkie I came across an hearing on filesharing that I think brought up some interesting points...
The main thrust of the issue as I see it is that organizations like the RIAA are legitimately losing money from p2p, but it's only because they refuse to give up any control in the way their content is distributed. They've had a strangle-hold on the market for decades and now they're crying because they didn't think of p2p first. Networks like kazaa have been trying to work with the RIAA to get licensed content from RIAA, but have been turned down at every opportunity.
Chuck D summed it up well when he said "As far as I'm concerned P2P means 'Power to the People'" I don't think that the proponents of P2P filesharing are anti-business necessarily, but the one's in control have for such a long time been the execs in the music industry that many see the losses they're taking right now as a leveling of the playing field. P2P isn't going away, and the sooner the RIAA recognizes that and plays ball with networks like Kazaa, the sooner everyone benifits and makes money.
Anyone interested should check out c-span's site at c-span.org and look for this video (requires realplayer):
Sen. Subcmte. Hearing on File Sharing & the Entertainment Industry (10/02/2003)
go about 2 hours and 1 minutes in to hear Chuck D's testimony... I must say it really made my day to hear the RIAA and MPAA get verbally spanked so eloquently!
The main thrust of the issue as I see it is that organizations like the RIAA are legitimately losing money from p2p, but it's only because they refuse to give up any control in the way their content is distributed. They've had a strangle-hold on the market for decades and now they're crying because they didn't think of p2p first. Networks like kazaa have been trying to work with the RIAA to get licensed content from RIAA, but have been turned down at every opportunity.
Chuck D summed it up well when he said "As far as I'm concerned P2P means 'Power to the People'" I don't think that the proponents of P2P filesharing are anti-business necessarily, but the one's in control have for such a long time been the execs in the music industry that many see the losses they're taking right now as a leveling of the playing field. P2P isn't going away, and the sooner the RIAA recognizes that and plays ball with networks like Kazaa, the sooner everyone benifits and makes money.
Anyone interested should check out c-span's site at c-span.org and look for this video (requires realplayer):
Sen. Subcmte. Hearing on File Sharing & the Entertainment Industry (10/02/2003)
go about 2 hours and 1 minutes in to hear Chuck D's testimony... I must say it really made my day to hear the RIAA and MPAA get verbally spanked so eloquently!
