Why the RIAA Fails at Life, The Universe, and (especially) the Internet
As Chris just reported, the Nine Inch Nails album released independently via download has garnered $750,000 so far. A similarly released Radiohead album made about $10 million recently. The recording industry is unsure what to do, but thus far has mostly seemed to ignore these successes and continued to focus on music piracy, which they blame for loss of profit. To combat piracy, they’ve taken measures such as encrypting CDs with Digital Rights Management (DRM) software, which in Sony’s case included a rootkit, which presented serious computer security issues to users. However, as of last year, all major record labels had dropped DRM due to its cost and ineffectiveness at preventing piracy. Why the record labels are on their way down, after the jump. Click to continue reading…