Friday, April 27, 2007

Making money from P2P sharing

The music industry is beginning to understand that lawsuits don't deter pirates and that it must find ways to make money from P2P sharing.
P2Plawsuits.com is a website allowing American college students accused of uploading copyrighted music to peer-to-peer networks the opportunity to settle upfront and out of court.
In June 2003, the RIAA started legal proceedings against American citizens, and its strategy of targeting college campuses has incurred many negative headlines.
At the time that the RIAA started making noises about suing individuals, the British Phonogrpahic Industry (BPI) waited until the law was clear and a legitimate download business was in place.
The first of these cases, in January last year, resulted in a landmark legal ruling, with two men ordered to pay £5,000 and £1,500 respectively for copyright infringement. Additional costs and damages were estimated at up to £20,000.
According to Eric Garland, chief executive of Big Champagne, a media analysis company that specialises in monitoring P2P traffic, around 1bn tracks are traded illegally each month.
However, the International Federation of the Phonographic Industry (IFPI) reckons that about 20bn tracks were illegally shared last year.
The likelihood of you being caught of filesharing is very similar to that of being hit by an asteroid.
http://music.guardian.co.uk/news/story/0,,2043371,00.html#article_continue

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