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Feb 01 2012

“File-Sharing and Monetization Aren’t Mutually Exclusive”

(10 am. – promoted by ek hornbeck)

Neil Young is right – piracy is the new radio

As an artist who probably makes a substantial income from licensing his music, you might think Neil Young would frown on piracy and file-sharing, but that appears not to be the case, according to an interview he gave at the Dive Into Media conference in Los Angeles. Instead of railing against file-sharers, Young called piracy “the new radio” because it’s “how music gets around.” The musician’s comment puts a lot of the hysteria about copyright infringement into perspective – as we’ve pointed out before, file-sharing and monetization aren’t mutually exclusive, and in many cases a certain amount of so-called “piracy” can actually be good for business, as authors, musicians and even game developers have come to realize.

And Bill Gates sort of agrees:

Even Microsoft CEO Bill Gates has been known to see the virtues of a little piracy, especially in developing markets like China. The Microsoft founder reportedly said of that market: “As long as they’re going to steal it, we want them to steal ours. They’ll get sort of addicted, and then we’ll somehow figure out how to collect sometime in the next decade.” Gates clearly saw pirating as a kind of loss leader, creating eventual market demand.

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