Ashish, the US made capitalism the country's own gut, and so it's really the government's role to make sure that the economic playing field is as sound as the government could make it. That's why there are antitrust laws: to prevent monopolies. In this case, patents are creating oligopolies, and that's a very real economic concern. Consumers are likely to lose out when such market imbalances happen. The government has to make sure that competition remains healthy, especially in times when its own laws are the ones causing the imbalances.
For that to happen there would have to be changes to the way Executive compensation is structured in the Music Industry.They would have to have clawback provisions(for bad years) and also ensure that their company delivers reliable returns and revenue year after year after year.
Unfortunately I don't see any sign of that from our QoQ obssessed Analysts,shareholders,Company Execs and Board-Basically the whole culture has to be changes to become more long-term focussed.
Dangling USD 29million in front of Yahoo's new CEO is not a step in the right direction.
The music industry is too busy trying to get SOPA passed to be thinking that there could actually be intelligent ways to fight piracy. A good start would be to invest in Music and Arts in the eduational system so young people have a chance to learn about and appreciate the Art and Science of Music. Instead of trying to churn out one hit wonders and wasting years and money trying to manufacture Pink Floyd and U2 style mega acts in the corporate boardroom.
That's actually what I thought, and that's great. I hope that continues. Though I think it was you (was it you?) who wrote not too long ago about the trouble Spotify, Pandora, et al., are having making enough money. It's in the music industry's best interest to help these services survive if they want to contine to stave off piracy.
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