TED Talks: Rob Reid and the $8 Billion Apple iPod (video)

Our Larry Press on what he says is a great TED Talks session with comedian Rob Reid on how pirates are robbing the music industry and everyone associated with it.

The $8 billion iPod. Seriously? Comedian Rob Reid looks at how digital piracy and digital rights violations cost revenue and  jobs. And here’s how pirates stay always a step ahead from content creators. Another great video from TED Talks.

Comedian Rob Reid’s graph uses newly-discovered copyright math to demonstrate that ringtone piracy has cost the music industry roughly $60 billion.

That is only the tip of the iceberg. Reid demonstrates that we’ve also lost 373,000 jobs, leaving the industry with negative employment, a very rare phenomenon.

Of course, digital technology is the cause of this dire situation. In the late 1990s it was possible to load ten songs into a portable music player. Since songs are worth $150,000 each, a budding pirate could carry concealed contraband worth around $1.5 million.

Pirates and their affiliates have seen to it that storage technology has improved raplidly. Today, a young felon can carry over 530,000 stolen songs worth $8 billion to school.

Where will it end? I would not be surprised if pirates began robbing the producers, actors and crafts people who make movies and television shows next!

About the author

Larry Press

Based in Los Angeles, Larry Press is a professor of information systems at California State University at Dominguez Hills and a senior editor covering tech issues here at aNewDomain.net. Check his Google+ profile to contact him or see what else he is up to: http://bit.ly/viXqr4.