A new KPMG study concludes that the RIAA and its member companies are hurting themselves by focusing on cracking down on P2P sharing instead of figuring out ways to earn a living with it.
Media companies must put less emphasis on protecting digital content and instead find ways to make money from digital music and movies if they hope to beat back copyright pirates who threaten their businesses, according to a study released on Wednesday from KPMG…
“They complain about the Napsters,” she said, referring to the bankrupt music swap site that was found to violate U.S. copyright laws. “But why do the Napsters exist, because the marketplace wants them.”
Steel said that if the issue “is not on boardroom table … then that boardroom has problems.”
(Thanks, Michael!)