I recently came across an item in the venerable American magazine, Newsweek, that challenges the "conventional wisdom" of recording labels, the RIAA and their minions of intellectual property attorneys. From Newsweek 7/11/09:
Quote:
In November 2008, Monty Python gave away popular clips on YouTube. By February its DVD sales were up 23,000 percent on Amazon. This is win-win "freeconomics": because some pay a premium, everyone gets to graze for nothing.
Consumers win, too. Economists say everything carries a cost—even if it's hidden or distributed—but the "cost" of online infotainment is so distributed that it's imperceptible.
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