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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

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To: TimF who wrote (3183)2/1/2007 10:24:33 AM
From: i-node  Read Replies (1) of 3386
 
The problem is that the law is what it is.

The law was created to the specifications of the RIAA just over 15 years ago. Now, they're back 15 short years later wanting it changed, and until they can get it changed, they have asked for a judge to stop XM from innovating. And the judge has, for some reason, not kicked the RIAA out on its ass (although, she has not ruled on the merits of the case yet).

It seems like if RIAA gets the law THEY want passed, then someone carefully crafts a piece of hardware/software in such a way that it very specifically abides by the existing law, that piece of hardware should be in the clear. But no. RIAA suddenly decides they need more.

These people are thieves. While all this is going on, they are also trying to cut the piece of the pie they give to artists. XM is now paying RIAA more money than any other entity, and they want more and want to pay artists less.

It is strange that the one organization who contributes ZIP to the industry is the one calling all the shots. But they have strong politicians in their pockets.
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