Digital threat prompts movie industry downgrade
July 8, 2008 By RYAN NAKASHIMA , AP Business Writer(AP) -- A Lehman Brothers analyst downgraded the entertainment industry Monday and slashed forecasts for its five major companies, saying digital downloads of movies and TV shows posed a huge threat to profits from DVD sales that the companies rely on.
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I am also a musician however, and recognize the need for copyright laws, but they give creative people a bad name because they make us all look like a bunch of greedy bastards!
I for one don't feel sorry for them (couldn't you tell? :) )
Copyright laws exist to protect *distribution companies* from each other. And that's fine. That's necessary. But these laws were not originally intended to be applied to individual consumers, because the idea that an individual consumer would have a printing press in their living room was laughable.
In short, copyright laws are old and outdated, and are badly in need of *honest* revision (and NOT the kind of revision that distribution companies have been pushing for - and getting).