No More RIAA Lawsuits Against Online Music Sharing & Warner Music Won’t Renew Contract

The Recording Industry Association of America, also known as the RIAA, announced recently that they will no longer be filing lawsuits against people who share music illegally online. I would also note, however, that the RIAA is following through with the lawsuits already pending. The decision, as most in business is mostly for monetary reasons. First, the average settlement in these music copyright infringement cases has been between 00 and 00. The legal fees of the RIAA has had an average cost much higher than the settlement amounts. Second, Online music has now a well established legal system of distributing music online. The music industry is finally feeling like more people are buying music online than stealing it. Thank you, Steve Jobs. Despite where you download your music, it was Apple that made the initial breakthrough with the record companies years ago, getting them to agree that it was possible to distribute music legally online. Finally, suing your customers and fans is just a bad idea. All this considered, the RIAA finally decided it was no longer to their benefit to file lawsuit against people who illegally share music online. Next, Warner Music has refused to renew their contract with YouTube. Warner Music was dissatisfied with the amount of compensation they were receiving for allowing their music to be used on YouTube. In addition to posting advertising next to videos which contained Warner music, every time a video which contained their music was …
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