Word: mp3s
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Dates: during 1990-1999
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...People just view intellectual property differently," says Dan Lavin, research director for IV Associates, an entertainment-industry consulting firm. "Morality is what the community consensus decides is morality. And they're a tribe of cannibals out there." A typical consumer is American University freshman Jaymin Patel. "I've had MP3s for about two years now," he says. "I first learned about them from a hacker friend who told me I'd never have to buy a CD again...
Finally, I'd love to have Diamond Multimedia's Rio, a portable music player ($199) that handles MP3s, a digital format that squeezes CDs down to one-tenth their normal size in megabytes. That makes them small enough to send on the Net. But thanks to a Recording Industry Association of America lawsuit that tried to ban the players--MP3 is the format of choice for audio pirates as well as many legitimate artists--everyone wants one. Diamond says it's sold out through Christmas. But, hey, there's always next year...
They wish. Stung by the seismic popularity of a standard known as MP3, the recording industry has been fighting back. But they're hardly in time. Scores of pirate MP3 sites have sprung up online where anyone can download near-CD quality music for free. MP3s are so popular that Diamond Multimedia, a consumer electronics company popular for its video cards, began selling a $199 Walkman-like player, the Rio, that plays the Net tunes. The Recording Industry Association of America filed a lawsuit against the company, attempting to immediately prevent it from selling the device, but a judge...
...more on MP3s, see time.com/personal on the Web. See Josh or Anita Hamilton on CNNfn Wednesdays at 7:30 p.m. E.T. E-mail Josh at jquit@well.com
...also thinks that MP3s have a bright future as long as they are modified by record companies and distributed legally...