The Day the RIAA Lost Its War on Technology
An interesting piece from Fool.com from over the weekend:
On this day (December 7) in business and technology history …
The Recording Industry Association of America has long had a difficult relationship with technology. In the 1970s, it fought against cassette tapes that it feared would record its copyrighted songs and thus destroy its sales base. In the late 1980s, it killed Digital Audio Tape technology by copy-protecting the format to death. In the 1990s, the RIAA finally met a technology it couldn’t control: digital audio. But the RIAA threw its considerable power into fighting it, and the landmark case of the digital-music age was filed on Dec. 7, 1999: A&M Records v. Napster, also known as the RIAA v. Napster case because of the large number of record labels listed as plaintiffs.
Read more at http://www.fool.com/investing/general/2013/12/07/the-day-the-riaa-lost-its-war-on-technology.aspx