Rhapsody America Official Name Of Rhapsody, MTV Joint Venture
MTV Networks released more specific details about its joint venture with RealNetworks. Dissatisfied with Microsoft’s ability to deliver the goods, MTV has cut relations with the software giant and courted RealNetworks to merge their uninspired Urge download store with Real’s backend technology. As we reported when the news first broke, this is a unanimous win for Real and a “saved at the bell” deal for MTV. The...
IPI Claims Piracy Costs The US $12 Billion & 71,000 Jobs Annually
The Institute for Policy Innovation (IPI), a Texas concern, claims that global piracy of recorded music costs the United States $12.5 billion in economic output and 71,060 jobs annually. According to their report, “The True Cost of Sound Recording Piracy to the U.S. Economy,” every year the U.S. workers lose an estimated 71,060 jobs and $2.7 billion in earnings. Of the 71,060 jobs, the report states, 26,860 jobs would have...
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