Now Music Companies Get Revenue from Devices Too?

Just read this article on the New York Times. The way these music executives talk about mp3 players really pisses me off. Check out this quote:

“It’s a major change for the industry,” said David Geffen, the entertainment mogul who more than a decade ago sold the record label that bears his name to Universal. “Each of these devices is used to store unpaid-for material. This way, on top of the material people do pay for, the record companies are getting paid on the devices storing the copied music.”

I also have only 100 songs purchased from the iTunes Music Store on my iPod, but the majority of the rest of the music is ripped from my personal CD collection. Just because I didn't download it from iTMS doesn't mean I didn't pay for it, but it seems like that is the mentality of the music industry.

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