Word: napster
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...weeks ago, Lars Ulrich, drummer and founder of the band Metallica, unloaded boxes containing the names of 335,000 alleged music pirates in front of the San Mateo, Calif., headquarters of Napster, the software company responsible for the file-sharing program that has made the long-prophesied digital-music revolution a reality. "We're doing this because nobody else has the balls to," says Ulrich of a move that would seem to pit the band against some of its constituency...
...real threat to that business model, however, is client-to-client-based programs like Napster, Gnutella and Freenet that make searching and swapping MP3 music files quick and painless. Suddenly Metallica and Elektra no longer control the quantity and destiny of their songs. It costs zip to download Metallica's And Justice for All via Napster. If you're selling CDs, it's hard to build a business around that price point...
...Napster] is a small company, and it remains unclear whether they have the resources or the will to appeal an unfavorable decision...
...recording industry is being shortsighted in the vehemence of its attacks on Napster. It would be much wiser to arrange a settlement where it works with Napster to provide legitimate services...
...Even if Napster loses, the recording industry will have more battles ahead...