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Tuesday, July 04, 2006

Filesharing: Alive and kicking

Entrenched habits don't die hard. Especially when it is not easy to get rid of them.

Filesharing is such thing. Grokster seemed pretty much on the way out after losing a major lawsuit last year that caused joy in the music industry.

"Yet a year later, peer-to-peer, or P2P, sharing continues to thrive, with firms behind favorite applications such as eDonkey, LimeWire, Morpheus and Kazaa, among others, still in business."

Why? Simply think - the business model of selling records when users want one song is not working. Is iTunes of help? Somehow, may be, but even iTunes seems to be too protective on the way how they operate their business.

Thus, there is still a future in the file-sharing industry, waiting to be grabbed by a company that really understands how things change in Web 2.0.

In the meantime, file sharers in Sweden can apply for an insurance policy to protected from the record industry.

(By Asia Business Consulting)