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Thursday, December 28, 2006

December 28 - Economic Imbalance

This post I wrote at Profy highlights a few valid points that you should all see...

Russia-based, music download site AllOfMP3 made a very brief statement in a press release earlier today, in response to growing pressure by the RIAA to meet their $1.65 trillion lawsuit. It was hopeless from the beginning, and today, and un-named senior AllOfMP3 official made an announcement, which is short meant, ‘Go stuff yourself!’ Obviously, there would be no way that any country, let alone any website would cough up anything close to $1.65 trillion US dollars. The offical from AllOfMP3 said,

“AllofMP3 understands that several U.S. record label companies filed a lawsuit against Media Services in New York,” an unnamed “senior company official” stated. “This suit is unjustified as AllofMP3 does not operate in New York. Certainly the labels are free to file any suit they wish, despite knowing full well that AllofMP3 operates legally in Russia. In the mean time, AllofMP3 plans to continue to operate legally and comply with all Russian laws.”

Which of course is quite true! By offering DRM-free music inside Russia, AllOfMP3 is operating under Russian laws without incident. Many conspiracy theories have been floating around the Internet though, as to what the massive cash demanded by the RIAA will go to fuel. Some eager commenters on Digg, pointed out that the sum of $1.65 trillion, is actually worth more than the groos domestic product worth of Russia itself, which currently stands at $1.576 trillion. To me, the amount seems slightly excessive, and if Russian laws make the website legal, then I believe the RIAA has no right to go in and shut the website down. Of course it’s cutting their profits slightly short, but at last count, the music industry wasn’t doing all that badly either though. Thanks to the Internet, the world’s gone mad… But heck, the positive points massively outweight the negative ones. Sourced from TechCrunch. By me at

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  Digg | Permalink | Posted by Davidat 5:08 pm. 0 comments


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