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Giving the RIAA a lesson in economics

A News.com reader writes that the Recording Industry Association of America is once again blaming everyone except itself for the problem it brought on.

 

  
Giving the RIAA a lesson in economics

In response to the Feb. 25 Reuters article "RIAA blames Web pirates for loss":

In this article the Recording Industry Association of America is once again blaming everyone except itself for the problem it brought on. Studies have shown, and were brought up in the Napster trial, that easy access to new music encourages people to go out and buy CDs from artists they might not have listened to before.

The truth is that the reduction in sales might just as easily be accounted for by the fact that a CD does cost up to $20 and very few people are willing to risk that kind of money on buying something they might not like. Thus, they don't buy them, and only if some artist happens to get air time on a "free" radio station will their music be heard and their albums bought.

The RIAA is too stupid to understand economics.

Chuck McManis
Sunnyvale, Calif.

 

 

    
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