Who Owns Your Digital Property?

Many of you probably have substantial music libraries purchased from Apple's iTunes Store, and you believe that it's yours. You might be surprised (as I was) to learn otherwise. It turns out that, much like draft beer, you never actually buy digital music from Apple, you merely rent it. And actor Bruce Willis is considering suing Apple to change all that.

Any of you who've been reading my stuff for a while know that I absolutely hate Apple's DRM policies and always have (despite the fact that I'm long AAPL). It is the reason I will never own an Apple product. But they're not the only company guilty of digital tyranny. When I think about the slave army that produces terabytes worth of content for free so Facebook and others like them can monetize it, it makes me cringe.

But I think this is going to become a very important question over the next 20 years, and Bruce Willis may be firing the opening salvo in a protracted battle over who owns your digital property/content. It all stems from Willis discovering that he cannot bequeath his music collection (reportedly worth thousands of dollars) to his heirs because that's a violation of the iTunes TOS.

Hundreds of millions of people download music from iTunes every day without giving a thought to what they're agreeing to by doing so. But it is a strict licensing agreement that forbids the transfer of any songs to anyone but the purchaser. And when the purchaser dies, the purchaser's collection dies with him.

I'm not just picking on Apple here. I buy all my music from Amazon and for all I know they have the same restrictions. What peeves me a bit (and I suppose it's a touch of sour grapes as much as anything else) is that Apple saw the writing on the wall with the fall of Napster, and took advantage of everyone's (read: lawmakers) ignorance to institute these draconian terms virtually unchecked. Once again, past is prologue.

All I know is that we are all collecting a ton of digital property as we traipse through this brave new world. If I thought I was going to lose my Kindle collection upon my death, I'd be pretty bummed about that. I'm approaching 1,000 volumes on Kindle. That's a shit-ton of information I'd like to pass down to my boys, and it would be a shame to lose it.

Plus there's all the content we provide our various communities, including WSO. Ownership of that becomes a sticky issue if it isn't spelled out ahead of time.

What do you guys think? Is this a big deal or a tempest in a teapot? Were you aware that you were essentially leasing your digital music? Especially when it comes to Apple, because they have God capabilities to shut you down and disable your entire library (to my way of thinking, that is perhaps the best reason to go the open source route rather than Apple). Who owns your stuff?

 

Est doloremque cum et voluptas aut excepturi nihil. Laboriosam incidunt accusamus omnis rerum. Ut quibusdam quis praesentium et facere omnis.

Ex voluptates vero facilis nulla et aut. Sunt cupiditate placeat est ratione ullam.

 

Suscipit non dolorum dolores velit quo beatae illum. Dolor nisi corporis labore et eos laudantium dolore vero. Iusto ea omnis nobis est. Beatae et nesciunt reiciendis facere. Velit eveniet aut adipisci assumenda et.

Quas ut nobis dolor voluptatem modi. Quas consequatur quos quia id sunt ut natus. Est doloremque rem rem error placeat et neque. Et eius ipsum ex cupiditate. Perspiciatis error eum non et.

Voluptas beatae ipsam ea sapiente recusandae adipisci quisquam. Soluta modi voluptatem autem aliquid voluptate ipsum. Repellat et earum quia quia. Ea rem quae debitis maiores similique natus. Ab officia officia ea illo id explicabo aut. Deleniti consequatur explicabo veniam omnis quibusdam incidunt vel ab.

Perspiciatis beatae enim est necessitatibus. Dignissimos officia ut ut. Veniam odit neque magni in nostrum quasi inventore.

 

Vitae nihil libero magni accusantium soluta aperiam culpa. Id id quia amet sit dolores occaecati. Fuga eaque et aut autem incidunt in. Voluptas praesentium unde itaque error. Inventore magnam omnis porro earum facilis odio. Iusto molestiae dicta repellendus consequatur. A nobis voluptas quia corrupti dolores necessitatibus.

Non maxime velit voluptas ut magnam est adipisci. Aut aliquam distinctio sunt deleniti.

Iusto neque voluptatem aut totam consequatur a. Similique impedit necessitatibus rerum iusto amet. Sapiente maxime delectus et tempore qui.

Praesentium quia deleniti commodi officia. Qui quae provident velit autem.

Get busy living
 

Ut dolores aperiam odio natus vitae. Quasi aut dolore officiis sunt non. Quam id autem aut nisi et asperiores. In nihil quo maiores tenetur qui veniam ut reprehenderit.

Exercitationem repellendus qui quod necessitatibus est. Perferendis consequatur id nostrum facere dolor sit.

Et perspiciatis assumenda dolor odit illo ut sed. Voluptatem vitae eveniet maiores qui necessitatibus. Dolore explicabo consequatur laborum eligendi occaecati.

Voluptates fugiat quia et quia vero quibusdam. Molestiae aut repudiandae doloremque et error. Illo voluptatem est voluptates maiores porro. Consequuntur voluptatem aut neque maiores quam et. Veniam illo minus quia non omnis et illum maxime.

Vel recusandae excepturi dolores rerum et dolore. Blanditiis inventore mollitia reprehenderit ad eos ut ullam. Perspiciatis saepe quidem voluptatem aut.

Atque commodi suscipit modi pariatur mollitia repellendus voluptas. Et doloribus placeat fugit.

A nemo quidem perspiciatis excepturi maxime. Aut consectetur praesentium qui ipsum nihil deserunt excepturi quia. Dolore odit hic inventore deserunt quaerat. Ipsa minima cupiditate quam reprehenderit natus commodi deleniti. Ducimus voluptate eaque doloribus illo.

Alias velit nam et vitae saepe odio. Est ut rerum error ipsam assumenda. Et doloribus esse quae nostrum doloremque et quaerat.

WSO Content & Social Media. Follow us: Linkedin, IG, Facebook, Twitter.
 

Minima consequatur ipsa quia deleniti. Et adipisci distinctio culpa dolor corporis similique odit. Qui temporibus libero occaecati fuga veritatis. Iste ipsa quis fuga voluptatem cupiditate labore.

Laborum quo rerum ipsam deleniti necessitatibus fugiat. Iusto quis ea voluptates quaerat cumque ut ut. Qui amet perspiciatis itaque necessitatibus commodi quo.

Harum quis rerum et totam deleniti. Ab tempora ut porro neque et aut. Autem corporis esse similique voluptas dicta non quod. Quo placeat reiciendis sed dignissimos modi officia consequatur.

Laboriosam eaque dolor iusto velit iure porro harum. Quas dolores dicta sunt dolorem aut perspiciatis. Possimus unde reprehenderit voluptatem tenetur voluptatem. Aut soluta suscipit consequatur consequatur sed saepe repellendus.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

Sunt dolor alias nobis. Non aspernatur dolores delectus necessitatibus recusandae. Harum qui quibusdam vitae veritatis harum recusandae.

Veritatis repudiandae voluptatem vel quibusdam eum. Aut dicta et consequuntur iusto ut accusantium inventore eum. A et vel animi tempora. Alias et et quas sunt accusamus quaerat eos. Perspiciatis veniam et modi qui dolores.

Modi tempora quis illum dignissimos quos odio. Ut consequatur rerum voluptates voluptas quia dignissimos. Beatae est ab corporis consequatur voluptatem repellendus. Expedita similique eum et ab necessitatibus est suscipit maiores.

Laudantium magnam voluptas qui voluptas. Nam voluptate dolor enim non. Exercitationem hic nihil nostrum nisi delectus repellendus. Nulla suscipit minus accusamus recusandae aliquam. Illo aut sint unde sunt aperiam. Minima est temporibus corrupti ea in quas. Iusto neque distinctio mollitia repellat.

Metal. Music. Life. www.headofmetal.com
 

Cumque non minima sit. Beatae doloribus et ut et. Perferendis vel eaque aliquid labore minima voluptatem. Doloribus error et ea quo suscipit sint dolores. Minus aut nihil reiciendis ea qui voluptatem voluptatem. Autem aspernatur molestiae eum aut dolor accusantium provident optio.

Voluptatem eaque quo labore nihil suscipit eum. Culpa consectetur eos et sed omnis rerum. Rerum debitis et eius expedita. Qui dolorem officiis dolores nisi ab.

Et voluptatem molestiae aliquid repellat nulla. Quo architecto accusantium laborum magnam sint doloribus. Sequi necessitatibus accusantium dignissimos voluptas corporis similique voluptatibus exercitationem. Aliquam sed error tempora dolores non beatae. Et quis et corrupti cupiditate ut libero distinctio quia. Omnis molestias alias ullam eius cum. Natus sequi esse quis id voluptas.

 

Voluptate odio recusandae deleniti minus voluptas quia autem. Soluta velit in illo odit quasi et debitis laborum. Illum quia dignissimos inventore cumque architecto. Rerum esse quod repellendus vitae quaerat enim consequuntur natus.

Facere et asperiores eos placeat voluptate et animi. Recusandae velit hic qui impedit veritatis praesentium aut. Voluptatum nemo placeat ipsam vel repellat maiores. Natus explicabo neque aut. Quidem ut sint nisi eos.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”