Quote:
Originally Posted by crockett
it's called capitalism it's always been that way
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Actually no it isn't. Capitalism, even at its most "red in tooth and nail" does not condone theft. At root there really is no difference between torrent sites and a fence selling property stolen in burglaries. One could argue that the law, and not marketing, has to catch up with technology.
However, the internet has a global reach, while local laws are localized and varied. That is what may force a change in marketing tactics: not considerations of competition. Torrent sites do not offer one record company (for example) an advantage over another. They damage all the record companies.
Someone, but I think only one person in this whole thread, mentioned that investors can place their money wherever the wish. Thus the question is not whether illegal file trading on the internet will eventually wipe out the profits of the music industry. Rather it is at what point will the profits have declined enough for investors to look elsewhere.
Someone else rather foolishly commented that Hollywood's stars haven't traded in their limos for Toyota's yet. True. But when someone like George Lucas declares he will not make any more movies, the writing is on the wall.