Capital Markets Divesting From Music Companies
“[A] good sign of a dying industry that investors might want to avoid is when it would rather litigate than innovate, signaling a potential destroyer of value. If it starts to pursue paying customers — which doesn’t seem that outlandish at this point — then I guess we’ll all know the extent of the desperation. Investor, beware.” — The Motley Fool.
Alyce Lomax. We’re All Thieves to the RIAA. The Motley Fool. Jan. 2, 2008. The Fool, along with several other news outlets, reported the erroneous information that the RIAA argued ripping to CD is copyright infringement, an error we caught and explained in our Dec. 11 edition of Clippings. The key portion of this post is an investment Web site’s advice to readers to divest themselves of stock holdings in the four multinationals that include record companies among their holdings. If investment industry officials no longer have faith in your business model, that’s fatal.
(Editor’s Note: Copycense editors originally commented on this article in the Jan. 8, 2008, edition of Copycense Clippings, and it was a Quote of the Week selection.)
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