Cost of Piracy

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Guy Dixon, in his article Music: A New Era of Selling Out for Globe and Mail takes a shot at EMI for seeking corporate sponsorship to help underwrite the development of its artists:

Guy Hands, who is now chairman of EMI after his London-based investment Terra Firma bought the company and its many sublabels ranging from Virgin to Parlophone last year, said yesterday that artists may be in for a new era of selling out, with his suggestion that bands could be sponsored like British sports teams: "Football teams have very distinct corporate sponsorship. Why shouldn't some of the leading bands have the same sort of relationships?" the Financial Times quoted Hands as saying.

Unfortunately - and as usual - nowhere is it mentioned that piracy has contributed greatly to this development, as well as the loss of thousands of jobs and the cratering of record company valuations.

Mr. Dixon writes as though these things are occurring in a vacuum.

With regard to fans being jaded; perhaps artists are becoming a little fed up with the notion of playing minstrels to an audience consisting in large part of spoiled brats that hold them in contempt and consider their work worthless.

Motley Fool Trolls for Music Pirate Traffic With Hack Business Sense

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Want easy traffic? Publish some pro-piracy dreck.

(Of course, no media outfit online is going to defend artists and the industry against piracy because that would result in the loss of the free-music advocate portion of their readership via boycott.)

"RIAA Blasts Its Customers, Again"

Let's get this straight once and for all, music pirates aren't customers.

Common sense dictates that should the RIAA cease going after people for piracy, the result would be that music would be considered free to download - greatly accelerating the decline in CD sales - and the industry would face imminent bankruptcy.

Representing the fight against piracy as resistance to technological innovation is ridiculous.

Motley Fool publishes this populist anti-RIAA nonsense for one reason - to lure traffic. However, it comes at the expense of their reputation for sound business and investment advice.