CNN has reported that record companies are planning to open their own peer-to-peer networks. What the record companies fail to realize is that they are obsolete. Artists no longer need them.
Their pitiful attempts at aping peer-to-peer has one major flaw. They control the system. With actual peer-to-peer, individuals users control the system. Individual users decide what is worthy, based on their own individual tastes, to post to the network, and what is not.
The beauty of peer-to-peer is that it is limitless. Anything piece of media can be shared. Anything. Record companies want to bottle this and you simply can’t bottle infinity.