The music business has finally come to terms with file-sharing, according to executives at the Midem conference in Cannes. But now they have a different problem.
Until recently, the music industry was in a blind panic about illegal peer-to-peer downloading.
Millions upon millions of fans are spreading music around the world, and the people who made and own it don’t see a dime.
A vast 95% of all digital music comes from unlicensed sources, according to a recent estimate from the global trade body the IFPI.
But the blind panic now seems to have stopped.
The Recording Industry Association of America, which represents US labels, has traditionally been the most aggressive in chasing file-sharers.
But it has just announced that it will no longer sue suspected offenders.
Digital rights management (DRM) – the lock placed on a track to attempt to stop you from sharing it – was once the central tool in the fight against “piracy”.
But now Apple is removing DRM from iTunes, the leading download store, marking a resounding defeat in that particular battle. ~ Source: Ian Youngs news.bbc.co.uk
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