Thursday, January 03, 2008

The RIAA Will Eat Itself

Picking on the elderly. Going after children. Terrorizing the average consumer. Is this the work of Atilla the Hun? No, it's the RIAA. In its efforts to justify its existence and save a near-extinct, obsolete business model, the RIAA has made some hi-profile faux pas. The backlash has apparently begun on these gaffes and the RIAA's draconian tactics. According to a Slashdot Article, The Motley Fool investment Web site warns investors to beware of several music companies. Referring to the RIAA's pronouncement that the copies a consumer had ripped from his CDs to MP3s on his computer were 'unauthorized,' writer Alyce Lomax said 'a good sign of a dying industry that investors might want to avoid is when it would rather litigate than innovate, signaling a potential destroyer of value.'

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