Linked by Thom Holwerda on Thu 31st May 2012 15:19 UTC
Thread beginning with comment 520264
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Transcript from 1982, where Jack Valenti is explaining why the VCR/VHS will kill the movie business:
http://cryptome.org/hrcw-hear.htm
They wanted it banned.
The final agreement on the VHS and other recordable media was to put a pretty large tax in the US on any of those blank products. The proceeds from those taxes were to be shared by many groups. VHS didn't kill the industry because of this tax putting money in pockets from I Love Lucy to Frank Zappa.





Member since:
2005-08-07
The Megaupload case wasn't about legalities or guilt, it was about destroying the business. Even if after everything is said and done, Megaupload is found to have not been guilty of a criminal conspiracy and all those involved in the business are absolved--the company has still been destroyed. Which was the original goal of the MAFIAA all along.
More than that, several of the competitors to Megaupload were spooked by the illegal actions of the US government to the point where they too have more or less shuttered. As far as the MAFIAA is concerned this is a win too, because Megaupload's competition was also their competition.
For all the talk about freeloaders, pirates, etc the biggest sin Megaupload was guilty of was showing that people were indeed willing to pay a reasonable fee for access. Too bad the MAFIAA chose to cling to its rapidly deteriorating 20th century business model instead of following the lead of Megaupload and making money themselves...
--bornagainpenguin