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April 05, 2008
Music industry rethinks file sharing
They've made life a misery for who knows how many people, and bleated continually about the "theft" of their products, but now the music industry is beginning to admit that file-sharing may even be a good thing.
"There is academic research that shows file sharing is a good thing for artists and not necessarily bad," says Glen Merrill, whom EMI recruited from Google EMI to oversee the company's digital strategy, innovation, business development, supply chain and global technology activities. "We should do a bunch of experiments to find out what the business model is."
Might we suggest looking at their opposition - those Russian music sites that sell music for a fraction of the cost of iTunes. Like AllTunes, for instance. The software it uses to manage its catalogue, and allow users to manage their balance, place orders and download files is highly impressive.
We'd expect they wouldn't be matching their prices, but even if they doubled them, they'd be making reasonable profits. And we're confident sales would boom, so the bottom line would be impressive.
Posted by cw at April 5, 2008 04:13 PM
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