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Do you really need a answer?

Has to be a rhetorical question.

I was once responsible for ripping 250,000 CDs, legally, on behalf of various record labels, from tiny to the big 5. I would love to store a backup of all that data in the big cloud services and see which ones deleted my legally-owned data.

Now imagine having to deal with disposition of the data and the ownership of the NAS throughout a bankruptcy.

What I'm trying to find out is what happened to the 250,000 CDs. They were put in storage unit. What happened to the storage unit when the company was liquidated? Did anyone even remember the CDs were there? Did someone bid on the unpaid storage unit and come across the biggest cache of music ever seen?

If you ripped those CDs while contracted by these record labels, I don’t see how it is legal for you to keep the files after the job and call them yours.

You assume that once the job was done, he washed his hands of it and it was over.

I once digitized a large media collection for a company (not audio, though), and it regularly used me as a backup source of last resort for when the files failed/got lost/needed to be transferred in bulk to another company/whatever on their end.

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