Comments on: Newsflash: No One Buys Music on the Web–Except for the People Who Spent Billions Last Year http://mediamemo.allthingsd.com/20090116/newsflash-no-one-buys-music-on-the-web-except-for-the-people-who-spent-37-billion-last-year/ by Peter Kafka Mon, 06 Feb 2012 16:52:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Interesting readings - January 21, 2009 — Sustainable Online Media http://mediamemo.allthingsd.com/20090116/newsflash-no-one-buys-music-on-the-web-except-for-the-people-who-spent-37-billion-last-year/comment-page-1/#comment-1721 Interesting readings - January 21, 2009 — Sustainable Online Media Wed, 21 Jan 2009 21:40:16 +0000 http://mediamemo.allthingsd.com/?p=3204#comment-1721 [...] Newsflash: No One Buys Music on the Web–Except for the People Who Spent Billions Last Year [...] [...] Newsflash: No One Buys Music on the Web–Except for the People Who Spent Billions Last Year [...]

]]> By: Ted Todorov http://mediamemo.allthingsd.com/20090116/newsflash-no-one-buys-music-on-the-web-except-for-the-people-who-spent-37-billion-last-year/comment-page-1/#comment-1591 Ted Todorov Fri, 16 Jan 2009 16:45:23 +0000 http://mediamemo.allthingsd.com/?p=3204#comment-1591 To see how absurdly false the music industry's claims are, just take their numbers and do some elementary math: if $3.7 billion represents 5% of the online music, with 95% being stolen, that means that in fact $74 billion worth of music was stolen. Of course in the age before the internet and thus before "stealing" the music industry never made anything approaching an order of magnitude of that sum. Which leads me to believe that music industry execs flunked fourth grade math and are congenital liars. To see how absurdly false the music industry’s claims are, just take their numbers and do some elementary math: if $3.7 billion represents 5% of the online music, with 95% being stolen, that means that in fact $74 billion worth of music was stolen.

Of course in the age before the internet and thus before “stealing” the music industry never made anything approaching an order of magnitude of that sum.

Which leads me to believe that music industry execs flunked fourth grade math and are congenital liars.

]]> By: Sean Ada,s http://mediamemo.allthingsd.com/20090116/newsflash-no-one-buys-music-on-the-web-except-for-the-people-who-spent-37-billion-last-year/comment-page-1/#comment-1583 Sean Ada,s Fri, 16 Jan 2009 12:33:06 +0000 http://mediamemo.allthingsd.com/?p=3204#comment-1583 good post and much more concise than what I wrote this morning http://drownedinsound.com/news/4136081 but it additionally includes a couple of potential solutions to bring some slices of that money back into the industry good post and much more concise than what I wrote this morning http://drownedinsound.com/news/4136081 but it additionally includes a couple of potential solutions to bring some slices of that money back into the industry

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