by Mike Masnick
Thu, Feb 7th 2008 12:58pm
Apparently the Justice Department is suddenly worried that the four major record labels are colluding in creating a new online music subscription service. The last time this happened was back when the record labels tried to (wait, this sounds familiar) create online music subscription services -- which were universally panned, rarely used and eventually shut down. So, even if the labels are colluding, given their strategic vision, it seems rather unlikely that they're going to leverage their position to dominate the market. They certainly could hold back other services -- but it seems like they've been doing that for years already, just with their own shortsightedness.
If you liked this post, you may also be interested in...
- Learning From AT&T's Blistering Hubris On T-Mobile Deal, Comcast Tries A Dash Of Subtlety
- HuffPo Columnist: I Infringe, So All Broadband Users Must Pay A New Piracy Tax
- White House Withholds Details Of Its Role In 'Voluntary' Agreement Between Payment Processors And Copyright Industries
- Surprise: ASCAP and Music Labels Colluded To Screw Pandora
- RIAA's Boss Thinks He Knows Better Than Google How To Build A Search Engine