the russian govn’t shut down allofmp3.com, a popular site that was selling mp3s for about 20-cent a pop.
the thing about this that stands out most to me is how ironic it is that a company in the former bulwark of global communism is beating an entire american industry at its own game
this little russian firm is creating its own wal-mart effect, wherein the company exploits a unique ability to offer lower prices than any of their competition, and in the process is disrupting an entire industry
not terribly different, either, from how the japanese clobbered detroit, only few americans would not mourn were the riaa to go down for a dirt nap
however what makes this victory by the riaa most hollow of all is the fact that allOfMp3 folks have already started up a new firm Mp3Sparks.com and users report that their accounts, balance and all have been migrated over for them, which is kind of creepy
what the riaa has been completely blinded to by greed is that the success of allOfMp3 proves that if you price it right, the people will buy, and buy a lot
they could, if they wanted to, set up their own music store to compete on price with these knuckleheads and cut out all the middlemen — itunes, the lawyers, amazon –EVERYONE.
but they apparently would prefer to make their money by litigation, pity
links
bbc,
the guardian
mp3Sparks