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Music Labels Seek Higher Download Prices

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03/08/2005

Apropos of the discussions of intellectual property here of late. (I was hoping to see discussion of this story last week here or on LRC's blog, but better late than never.) The overstepping labels have now angered Steve Jobs, which is not a good sign. All of this could end with completely anonymous file sharing where file sharers can't be identified and sued. Then the labels will only have themselves to blame for a failed attempt to cartelize P2P systems.

This article suggests that there is still plenty of money in touring for hot artists, despite the alleged fall in returns from recording sales.

Dale Steinreich is an economist and an Associated Scholar of the Mises Institute.

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