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Press buys recording industry’s bogus line

Members of the Recording Industry Association of America (RIAA) are surely beaming after the invaluable press they received around the nation yesterday — free of charge — thanks to the Associated Press. SLASHDOT points out that an AP story picked up by many national outlets erroneously claims to have proof that Napster hurt record sales in 2000.

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2/21 – Marx for the anti-globalist The AP indictment of Napster hinges entirely on one single piece of evidence supplied by the industry: Sales of CD singles fell 39 percent in 2000. AP fails to report, however, that CD singles account for a measly 1 percent of the RIAA’s profits. Sales of full-length CDs, which make up 92 percent of the RIAA’s profits, increased 3.1 percent, or $400 million over 1999. (In 1999, Slashdot happily points out, Napster seems to have dramatically helped the RIAA — it cost the industry “negative $1.4 billion.”) SLASHDOT goes on to look deeper in the numbers and finds more important info glossed over in AP’s story.

The AP report, which “reads like it might have been ghost-written by someone from the record industry,” may well help the RIAA in its ongoing fight with Napster. Since the beginning of the fracas, the industry’s maintained that Napster has illegally cut into its profits and caused it “irreparable harm” by letting people trade music online.

Read the SLASHDOT article here.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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