Re: Re: anyone think this is a mistake so soon?
Originally posted by frinky23
Not if they wanted to keep the copyrights they currently own. Such an act would be anti-competitive, and doing so causes a copyright holder to lose their copyrights. Napster died before the issue could be litigated, but Apple has the money to stay the course.
Explain what this means more fully, if you wouldn't mind. I don't know much about copyright law.
In my pedestrian understanding, which comes from both signing contracts with record labels (design work, mostly), and reading books like "Hit Men" by Fredric Dannen, the labels are already an anticompetitive cartel (which also includes the distributors and radio outlets like Clear Channel).
I guess the major case for me would be if a large act, like a Lenny Kravitz, or R.E.M., or Jay-Z, decided to just fill out the remainder of their contract with the label, and then self-distribute, utilizing a company like Apple who would give them a greater percentage of royalties, then it would seem to me the labels would get pissed off.
So, I can imagine labels approaching Apple and saying, "we're not going to let you build a business on top of our old catalog, which we invested billions of dollars in acquiring, and then turn around and sign away our artists".
To me, this makes sense...like, if CompUSA is a store carrying Compaq computers, and then suddenly Compaq buys the Best Buy chain, and is now in the business of selling computers, I could see CompUSA saying "well...piss off...we're going to sell Hewlett-Packard machines now."