Great post from Doug Ramsey on what happens to recordings when selling them ceases to be big money. A good follow-up to my post on copywrong, as it points out the danger access to our cultural heritage when that heritage ceases to be profitable.
YouTube was recently forced to remove some material owned by NBC. Of course, most of YouTube’s content is copyrighted, and there is a danger that they could go the way of Napster.
Instead, though, there’s money to be made selling ads at YouTube, and look for them to sell lisensing agreements with all kinds of content providers. I predict you’ll see an arrangement where customers can upload favorite clips from NBC or 20th Century Fox or whomever, and YouTube will share the advertising revenue from those clips with the copyright owners, in effect acting as any other content distributor, except that decisions about what is available will largely remain with the viewers as opposed to the copyright owner.
Sounds cool, eh? Will it happen?