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Sandra Veek: This sounds crazy and so it probably is. Robert Cringely throws out an idea and waits for the bobber to go down. Cringely suggests the following (greatly paraphrased):
1. a company should buy one copy of every CD on the market. (100,000 CDs at $14 each requires $1.4 million)
2. the company has to be a public company
3. measures would be taken to maintain a stock price of roughly $20 - at which price all users would own at least one share.
4. because each share carries ownership rights to those 100,000 CDs it also carries the right to download backup or media-shifting copies
5. wild success follows.
Could such an idea work? For about 10 minutes - which is about how fast the record industry would take to get an injunction against the company. I just don't think the solution to the recording industry rests on this sort "loophole" - there really needs to be a change in the mindset of media licensing and ownership.
>> Comment made on:
Son of Napster
Sandra-IC: It is the right of creators, musicians, writers, painters, designers or journalists, to be rewarded for their work. Copyright law is vitally important to ensure that these rights are upheld. >>
Comment made on:
Son of Napster
« Angel went down today | Main | Ixus it is »
July 29, 2003
Son of Napster
Bob Cringely is my favourite columnist on the net. This week he's come up with a brilliant idea: Snapster. Bob believes he can bring about inevitable changes in the recording industry, and possibly make one of you lucky readers rich. The reason Bos says he's writing this column is two-fold. To start with, simply because he would like people to consider lateral solutions to problems: pushing the concept of problem solving in a new way.
The second reason: he doesn't like the current situation in the recording industry where power is concentrated in the hands of executives who are doing all they can to stop the rotation of the Earth.
Posted by Leon at July 29, 2003 05:35 PM
Comments
This sounds crazy and so it probably is. Robert Cringely throws out an idea and waits for the bobber to go down. Cringely suggests the following (greatly paraphrased):
1. a company should buy one copy of every CD on the market. (100,000 CDs at $14 each requires $1.4 million)
2. the company has to be a public company
3. measures would be taken to maintain a stock price of roughly $20 - at which price all users would own at least one share.
4. because each share carries ownership rights to those 100,000 CDs it also carries the right to download backup or media-shifting copies
5. wild success follows.
Could such an idea work? For about 10 minutes - which is about how fast the record industry would take to get an injunction against the company. I just don't think the solution to the recording industry rests on this sort "loophole" - there really needs to be a change in the mindset of media licensing and ownership.
Posted by: Sandra Veek at September 25, 2007 11:07 PM
It is the right of creators, musicians, writers, painters, designers or journalists, to be rewarded for their work. Copyright law is vitally important to ensure that these rights are upheld.
Posted by: Sandra-IC at August 25, 2007 10:36 AM