[QUOTE=UTR;2681689]I really don’t understand the wisdom of the RIAA strategy that revolves around suing children, grandmothers and single parents. They are chasing after nickels while letting $100 bills lay on the ground. Why the record companies don’t pool their content and offer unfettered access to it for $5 per month is a mystery to me. Considering all the people that have access to the Internet, the potential revenue stream could be massive. The key to success, IMO, is they make access inexpensive and easy. If they get just 100 million subscribers world wide it generates a revenue stream of HALF A BILLION DOLLARS a month! If done right they could probably get several hundred million subscribers.[/QUOTE]
The problem with that in the eyes of the music industry is that they already had a profitable scheme. They think that if they can just get rid of the pirates then everything will be allright. They ignore the way in which most people consume music. Also they ignore the biggest problem, that its the very crap music they are pushing that is the problem.
Starting a streaming business would involve them chucking their proven working model and investing in a new system that hasn’t proven itself as of it. Also, there is the question, at least in their eyes, that people will pirate the streamed music and eventually stop subscribing once they have their fill.