The End of Intellectual Property Rights
Posted: Sat Mar 22, 2008 4:05 amGreg Kot cuts to the chase in two short paragraphs on the parallel paths big businesses are pursing to try and monetize recorded music once again. And, finally, someone goes on record saying, basically, the “Black Box” is coming.
[i]His plan would create a live-and-let-live world in which peer-to-peer file sharing would co-exist with iTunes and other legitimate MP3 music stores. With an estimated 750 million people expected to be hooked into wireless broadband networks in Western Europe and the United States alone in the next decade, the potential revenue from licensing fees on Internet service providers could be substantial.
Yet such a forward-thinking plan might already be too little too late for the industry, McGill’s Pearlman said. A portable data base containing all the music ever recorded is imminent, he said. “Once this paradise of infinite storage is entered,” he said, “it will represent the end of all intellectual property rights.”[/i]
Whole article:
http://leisureblogs.chicagotribune.com/ ... -plan.html
[i]His plan would create a live-and-let-live world in which peer-to-peer file sharing would co-exist with iTunes and other legitimate MP3 music stores. With an estimated 750 million people expected to be hooked into wireless broadband networks in Western Europe and the United States alone in the next decade, the potential revenue from licensing fees on Internet service providers could be substantial.
Yet such a forward-thinking plan might already be too little too late for the industry, McGill’s Pearlman said. A portable data base containing all the music ever recorded is imminent, he said. “Once this paradise of infinite storage is entered,” he said, “it will represent the end of all intellectual property rights.”[/i]
Whole article:
http://leisureblogs.chicagotribune.com/ ... -plan.html