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Posts Tagged ‘Napster’

Survey: ‘One in Every Three People Who Download eBooks on Their Digital Readers Do So Illegally’

The High Low tackled one of the toughest questions facing publishers: “Will eBooks become the next Napster?” They quoted some surprising statistics.

Here’s more from the article: “One in every three people who download e-books on their digital readers do so illegally, according to a survey of 1,959 consumers conducted by a British law firm … Record labels notoriously lost millions thanks to Napster (which was eventually ruled illegal), and now publishers are staring down the same tunnel.”

The same survey also revealed that twenty five percent of those who admitted to illegally downloading eBooks would continue to do so in the future. Because illegally downloaded books are not physical objects, pirates tend not to classify their activities as stealing. What do you think about this dilemma?

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After Napster Payout, Bertelsmann Still Keen to Acquire

Reuters reports that Berteslmann, Random House‘s parent company, said on Tuesday it was keen to target acquisitions in education publishing as it posted a first-half loss due largely to litigation costs. Bertelsmann Chief Financial Officer Thomas Rabe said the company should be in a position to make significant acquisitions from next year and said it will have between 1 billion euros ($1.4 billion) and 1.5 billion to buy new businesses annually.

Net income dropped 85 percent on the cost of litigation over Internet music company Napster (after Bertelsmann settled a lawsuit filed by the National Music Publisher’s Association that said the company’s investment in Napster encouraged abuse of copyrighted content, resulting in 243 million euros in payment for settlements) as well as a fall in earnings and revenue at its book and music units.