Entrepreneurs Plan To Legalize and Monetize Illegal Music
torrentfreak.com
torrentfreak.com
Why would any pirate even consider using this player when everyone already has ad-free options available? Also, anyone who uses this player or plug-in is handing the record companies a list of their music files and how often they listen to them. Even worse, this is all done under the pretense that the end-user hasn't actually purchased the music files.
Either this is business plan is missing some important element, or I'm missing something.
How would it know when you own the CD and have ripped it yourself?
I guess you could always just detach it from the network.
The only way to make this work is remove the incentive. If I could sell "used" mp3's back to iTunes, for example, I'd be less inclined to share them with the world for free.
So a filesharing system that tracks what users upload and download, and lets users auction off "used" media an equivalent number of times gets the users on the same side as the music companies.
Now you have the idea, go make millions :-) If you do, however, I'd appreciate if you buy me a house in St. Thomas.