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ExtraTorrent.cc > Articles > Facebook’s Co-Founder Announced War on Music Piracy Failed

Facebook’s Co-Founder Announced War on Music Piracy Failed

Facebook’s Co-Founder Announced War on Music Piracy Failed

Added: Tuesday, November 2nd, 2010
Category: Bit Torrent Freedom > The Right To Share
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
One of the most famous Internet geniuses of this century Sean Parker appeared recently on a panel at the Daily Beast's Innovators Summit to express his views on the war on digital piracy. Parker participated in the Napster revolution concentrating on bringing the entertainment industry into the Internet century. By the way, it failed, with Napster going bankrupt.

Sean Parker continued his life after Napster and spent some time at Plaxo and Facebook. The recent movie “The Social Network" features Justin Timberlake starring to play him. As for the current moment, Sean is determined to finish what he started back then with Napster, creating a new music download company called Spotify.

His attempts may remind some what Steve Jobs has been doing to achieve the same revolution with iTunes, but Sean Parker's firm features a different model than Apple's, which offers pay-per-download option on its own electronic devices. Parker called the industry to admit that its long-lasting war on piracy failed non-recoverably. To prove that, Sean pointed at the statistics indicating that from four to ten trillion tracks have already been downloaded illegally, while the number of those downloaded legally is only around 4 billion. He emphasizes that the keys to making consumers use any music service are accessibility and convenience.

Parker’s new company has the following approach: unrestricted streaming of music content to a desktop is allowed, while that content is confined to the desktop device. The approach assumes that people get addicted to it, since they can have a music library a hundred times larger than they might have thought. The revenue may be earned when users want to copy their favorite music to their other electronic devices. This means that when they want music on the iPhone, they simply have to pay for it.

When Parker was asked about the fact of competing with Apple, he said that it’s different. Any music service operating in the United States and not supporting music copying to the iPod would fail. Meanwhile, Apple does not allow such services as Parker’s Spotify to port songs to its devices.

Spotify is expected to be launched in the United States later this year. The company accounts for 10 million users throughout Europe, and more than 500,000 paying subscribers. In the meantime, Apple has already sold over 250 million iPods.

November 2nd, 2010

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Date:  Tuesday, November 2nd, 2010

Comments (3) (please add your comment »)

posted by (2010-11-02 23:25:13)
teker1 avatarnice job!

posted by ET junkieET loverSupermanmen (2010-11-03 13:23:38)
serenity21 avatarLove the avatar teker 1

posted by (2010-11-04 09:39:36)
schizophrenicpanic avatarNice Article... could you guys add a "Facebook Share" button here somewhere...

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