Quote:
Originally Posted by Torrent Freak .com
Sony Music’s CEO of international business said in a recent interview that the Internet is a blessing for the music industry. Nevertheless, there are still problems that have to be overcome, such as restrictive copyright enforcement by music rights collecting agencies. The Sony boss says that YouTube revenue running into the millions is being lost because German rights group GEMA’s policies prevent artist videos from being shown online in the country.
For years the music industry has blamed Internet piracy for all their troubles.
Slowly, however, the record labels are starting to realize that the Internet is the future and it will ultimately do more good than harm.
Sony Music’s CEO of international business said in a recent interview that the Internet is a blessing for the music industry. Nevertheless, there are still problems that have to be overcome, such as restrictive copyright enforcement by music rights collecting agencies. The Sony boss says that YouTube revenue running into the millions is being lost because German rights group GEMA’s policies prevent artist videos from being shown online in the country.
For years the music industry has blamed Internet piracy for all their troubles.
Slowly, however, the record labels are starting to realize that the Internet is the future and it will ultimately do more good than harm.
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