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Guitar Player Magazine
Topic: Miscellaneous 10:28 am EDT, Jul 22, 2003

Guitar Player magazines small article on the RIAA P2P lawsuit against a few college kids, which resulted in settlements ranging from 12-17.5k EACH.

A couple of things that the article missed:

1) In addition to the arguements given about why the music industry is losing money, the article makes no mention of the economy which is also losing, and the fact that if you compare losses of the music industry to similar end-consumer markets (dept stores, clothing stores, etc.) the music industries 9% loss over the past year is actually BETTER than in other markets.

2) Also not mentioned is that 2 years ago the music industry reached RECORD LEVEL sales. When losses like this occur in the Stock Market, it is call a "correction". When they occur in the music industry it is called "piracy".

3) (maybe because of the timing of the article they missed this one) - Of all of the recent subpoenas issued against P2P users, not a SINGLE one was issued against an AOL user. THe interesting thing about this is that Time/Warner not only owns Warner Borthers records and all of the other subsidiary labels (Atlantic, Elektra, Interscope, etc.), but T/W also owns AOL! Draw your own conclusions...

Guitar Player Magazine



 
 
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