Monday, October 13, 2003

Legislation vs. Innovation: Part One
Good summary of the RIAA, tech, and media situation:
Media companies are running scared these days. Their failure to embrace technology has put them in a delicate position. For the first time in history, the bread and butter of the media enterprises like music, film, and television are faced with the fact that they may no longer be in control of their business. They’ve been confronted with the terrifying fact that artists and consumers could actually perform direct transactions without their help. I’ve personally supported many independent artists without a label ever coming between us. When I buy an album online from Prince, I buy it directly from him, not Warner Brothers.
And although many technology firms have tried to work with the RIAA towards a positive solution, the RIAA feels they can legislate and prosecute technical innovation back 10 years. Stifling technology through legislation is a small price for them to pay, if it secures their profit margins.

TOPIC: RIAA, tech

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