According to the Motley Fool, the RIAA’s “scorched earth” litigation strategy might be nearing its end, forcing the music industry to focus on making money again instead of enemies.
For those who may not know what has been going on, apparently people really are passionate about music. Passionate enough to fight the RIAA’s ridiculous lawsuits at great personal cost, and then seek attorney fees from the RIAA for their trouble. If the music industry thought the answer to slumping sales was to be found in litigation, now they know better.
This is, obviously, good news for consumers, as well. New technology requires new profit models. If the music industry doesn’t embrace online, DRM-free distribution, it may miss the boat. Filesharing is primarily filling a void left by the music industry’s rejection of high-quality online distribution. People don’t want to have to deal with DRM, and they don’t want lo-fi downloads. They want their digital music collection to be at least as high quality as those CDs they used to lug around, and just as easy to share.
Here’s to hoping the Motley Fool is right, and the music industry starts innovating and stops aggravating.
[via Recording Industry vs The People]
If you are in Minnesota, contact The Glover Law Firm, LLC, for a free case evaluation. In any other state, you can find a consumer rights lawyer using the National Association of Consumer Advocates lawyer database.
