We discovered that if you price the music right, allow people choice in what tunes they want, that they will pay for the music and not just steal it. Those who charge that the music industry has been overcharging for CDs found a powerful supporter in the U.S. Department of Justice, which accused the record companies of colluding to inflate CD prices. On May 10 the Justice Department announced it had reached an agreement with the major labels, an agreement that they say should result in lower CD prices. Even many recording artists and their managers agree that the recording industry must change. I think the decisions against Napster and MP3 were correct.
Falcon represents a number of successful recording artists.
The industry has to move to a less expensive product. Falcon and others agree that once consumers are given an easy, seamless way to surf the Net and grab music files at a price that will discourage piracy and encourage consumption, the whole fight will end right there and then. There will always be pirates. But now that movies can be rented for as little as a dollar, it's hardly worth the effort. Consequently, the problem of privately pirated videos has all but disappeared.