RIAA to YouTube: You're Next.
I was working in radio, and part of a team that was running what was, at the time, one of the ten most-listened-to live streams in the world, when the RIAA and the PROs steamrolled streaming radio with some pretty hefty licensing fees. I certainly don't begrudge anyone the right to earn some royalties, but the number that came down from the copyright office was a wild-eyed, pre-web-bubble-burst figure that effectively shut independent webcasters out of the legal streaming business. At least until Live365.com and others integrated licensing fees into their subscription plans -- that was clever.
So, today's buzz is that the RIAA's going to C&D (or maybe just skip the flirting and sue) anybody that's posting a video to YouTube with music in it. Which would be, like, nearly all of them.
Will YouTube end up the next Kozmo.com -- beloved by users but doomed by mathematics?