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P2P networks are here to stay

23 January 2005 14:26 by James "Dela" Delahunty | 4 comments

According to a panel of industry experts, P2P Networks are not just here to stay, but will also be exploited by media firms who will look for any possible way to make money from them. Once the current legal battle surrounding P2P comes to an end, firms will be very keen to try and make money from P2P technology. Since the closure of Napster, the entertainment industry has been fearing P2P networks and blaming them for falling global sales. The entertainment industry in the United States is currently dragging Grokster and StreamCast through courts trying to make their P2P networks illegal.

However, so far they have had no luck. In August 2004, the San Francisco-based US Court of Appeals ruled in favour of Grokster and StreamCast. The court said that the case is too similar to the 1980s VCR battle. "Old media always tries to stop new media", said Michael Weiss, president of StreamCast Networks, "When they can't stop it, they try to control it. Then they figure out how to make money and they always make a lot of money." If you look back to the 1980's VCR case, you will see that when the Movie Industry realised they couldn't stop the technology, they decided to work on a way to make money from it, and they did. Slowly as firms look over the evil image P2P networks have been given and look at the potential of them, especially how quickly they can distribute content, they will start to plot ways to get their share of money from it.

Source:
BBC News

Permalink to this article

Billionaire backs P2P firms (28 March 2005)

Artists rally support behind P2P (1 March 2005)

Hollywood claims P2P case is not about technology (25 January 2005)

Supreme Court to hear P2P case (22 January 2005)

First P2P piracy convictions for Justice Dept (19 January 2005)

California Senator wants to outlaw P2P (19 January 2005)

Red Cross denies its Kazaa link (18 January 2005)

BayTSP shows latest weapon against filesharers (16 January 2005)

South Korean court: P2P operators didn't break law (12 January 2005)

TinyP2P, the world's smallest P2P application (6 January 2005)

RIAA loses another case (5 January 2005)

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Discuss this article!
daemonzx6 (Senior Member) 23 January 2005 16:41
...but there will still be perfectly illegal ways of getting movies and music for free from better sources than P2P networks. (BitTorrent) [ + quote]
Ghostdog (Senior Member) 24 January 2005 6:14
I might be wrong but, considering the history of file-sahring networks, media companies might face a tough time making money off P2P. But then again, look at Itunes... [ + quote]
Toiletman (Senior Member) 24 January 2005 11:37
Quote: but will also be exploited by media firms who will look for any possible way to make money from them. I can't wait RIAA becomes our best friend, and then we sue their arses for Copyright infringement. How dare you copy our P2P! =D Quote: "When they can't stop it, they try to control it. Then they figure out how to make money and they always make a lot of money." You see, that's the problem. The RIAA and other anti-P2P organizations are too STUPID to realise that, and by the time they change their tactics, it would be too late, or not as effective as it would have been. [ + quote]
daemonzx6 (Senior Member) 25 January 2005 17:29
Yeah, its almost definitely too late for P2P to be of use to them. I haven't used P2P in a year or so, not when BitTorrent is immensely superior. [ + quote]