Last week the Helsinki District Court decided that Peter Sunde, one of the co-founders of file-sharing portal The Pirate Bay, owes quite a bit of money to the music industry. Specifically, he owes a coalition of Sony Music Entertainment, EMI, Universal Music and Warner Music $US400,000 ($533,429), as reported by Torrent Freak. His response? No, screw you.
Tagged With music industry
From thinking they don't need licensing deals, to "aggressively courting" the big record labels, Amazon's change of heart on the Cloud Player storing/streaming issue will likely cost them dear. After all, it's not like the labels will be responding nicely to their calls, after effectively setting up a streaming service to rival their own (in Sony Music's case, anyway.)
Selling individual tracks online is not the only thing Pink Floyd has been raging against recently. The band has removed several albums from iTunes, Amazon, et al, due to EMI's contract expiring at the end of June.
It's a lousy time to be a record label. Profits are tanking, bands are angry - OK Go just ditched EMI - and YouTube and BitTorrent changed the game. Still, some labels are transforming themselves to help musicians in the digital age.
We've been here before, so no long post necessary, but it's worth mentioning, again, that illegal downloaders, the alleged scourge of the music industry, are really the ones who buy the most music.