Miscellaneous > Intellectual Property & Law

labels dont like $1.00/song

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mobrien_12:
http://slashdot.org/articles/04/04/11/2019235.shtml?tid=141&tid=188&tid=98&tid=99

http://www.theregister.com/2004/04/09/pigopolist_price_hike/

Apparently the record labels wan't more money per online song... like up to $3.00.

Idiots.

WMD:
Oh god...  :rolleyes:

I'd also like to quote one Slashdot poster, when he said something I've been thinking for a long time:

 
quote: It's NOT capitalism. (Score:5, Insightful)
by nathanh (1214) on Sunday April 11, @06:58PM (#8833381)
(http://www.manu.com.au/)

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If the market will bear $2.99 CD's then they have the right to sell at that price. Don't like it? Don't buy. Unfortunately for you, there are millions of people who WILL pay the price.
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That's not capitalism. Capitalism is where they charge $2.99, you don't like it, so you buy from SOMEBODY ELSE at a LOWER PRICE. That process continues until it's impossible to produce the song any cheaper.

They've been selling at 99c for ages. Now they are discussing a unilateral hike of 200%. That should be your first warning sign that capitalism is not working here! Where are the other online vendors selling the same songs at 50c? Or the same songs at 10c? If 10c is unrealistic (maybe it is but I suspect it isn't) then THE MARKET will find the actual sustainable pricepoint. The very second you hear that the RIAA is deciding the "sustainable" pricepoint instead of the market is the very same second you should have realised this is not capitalism. This is a cartel.

If capitalism was working then the prices would have dropped for music. That's how it works in every other industry. Company A makes steel bars for $1/bar at 10% profit. Company B thinks 5% profit is sufficient and sells bars for 99c/bar. Company A decreases their production costs (perhaps by innovating new techniques) and sells bars for 95c/bar. THAT is capitalism. It's using THE MARKET to drive innovation, reduce costs, self-regulate the quantity of production, while still producing the cheapest goods.

In the music industry the prices have gone up and up and up. Even faster than inflation. While production costs have gone down - a music studio and CD production facility can be built in your spare bedroom for under $10k these days, compared to $10s of millions only 2 decades ago - the CD prices have not dropped. Why? Because this isn't capitalism! Production costs are down, yet prices are up. Market is flooded with alternatives, yet prices are up. Look at the big picture. It's NOT CAPITALISM.
--- End quote ---

Xeen:
Bloody fuck....this is absurd...how greedy can these people get?

$2.99 per song???? Thats more per song than if you bought the entire CD...which eliminates the fucking purpose!

I would actually support up to $1.99 per song if the downloads were uncompressed and DRM-free.

M51DPS:
You know what, I don't like 99

PseudoRandomDragon:
I download, but only because I just can't find a lot  of the music I like ...anywhere ...except on some random user's HD.

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