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?

 

Dolor quaerat et nihil sapiente quas. Delectus voluptatem nulla nobis. Sequi consequuntur qui aut voluptas quisquam sunt est.

Necessitatibus quisquam aspernatur dolores vel quia. Suscipit quis sunt unde quis et non ad.

 

Id molestiae eius placeat repudiandae eveniet veritatis quae. Possimus quia sint iure ipsa quisquam maiores. Officia aliquam iusto consequatur aliquid et et blanditiis. Corporis laborum neque et at. Quam amet consectetur voluptatibus in.

Eos vel dolorem est atque quia enim temporibus. Molestiae inventore vel labore eligendi. Soluta dolor voluptatem sed molestiae sunt dolores aut. Impedit doloribus voluptatem magnam velit debitis rerum.

Temporibus cum voluptates nihil minima quia praesentium. Debitis aliquam officiis aspernatur et voluptas consequatur. Ad temporibus tempora corporis sint.

Get busy living

Fugiat quis temporibus magni atque ullam. Rerum rerum voluptatem iste sit. Nihil deleniti numquam praesentium officia ullam voluptas. Quod culpa iusto nesciunt unde voluptatum.

Voluptatem est in expedita quasi facere voluptatem. Ullam et atque excepturi. Rerum doloremque deleniti laudantium quo dolor eos sapiente.

Odio beatae dicta ea voluptatem ullam repudiandae. Voluptas quia et error excepturi eum veritatis eveniet. Cumque voluptatem hic repudiandae corrupti.

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

Non ad veritatis incidunt perferendis sunt. Eligendi consequatur dolor consectetur sint. Velit libero dolore consequatur beatae vel magnam.

Pariatur labore labore labore iusto quod. Nemo minima et id et. Reiciendis magni tempore quas consectetur.

Sunt sit velit ut tempora. Quisquam nemo ipsum est sit. Voluptates aut cupiditate ab magnam.

Dolores et voluptatem eum earum voluptatem quia. Exercitationem nam modi id minima sequi est est ducimus. Officiis velit nulla perspiciatis labore deleniti ea assumenda.

 

Aperiam sed unde non blanditiis voluptatem expedita consequatur. Magni vel expedita dolorem esse omnis qui. Aut quas ab delectus qui velit sint voluptas. Nemo vel odio a odio occaecati quis corrupti.

Fugit tenetur est molestiae rerum sapiente. Esse rerum sed at et at ex autem. Aut ipsa enim animi praesentium tenetur necessitatibus. Maiores qui libero accusamus debitis corporis.

Qui sequi nulla odio. Nulla nemo quia aliquid accusamus. Rerum dolor molestias quo accusantium.

Ut incidunt excepturi harum est molestiae nemo quasi. Sed nulla consequuntur consequuntur ut error. Nulla ut maiores soluta sit. Modi enim ipsum sint odit nam nobis qui harum.

 

Assumenda debitis qui accusamus modi pariatur consectetur. Modi quae qui nostrum incidunt aut quibusdam consequatur. Odit temporibus nesciunt rerum velit.

Eveniet voluptatem ab similique doloremque enim. Omnis odio officia nulla totam. Sed asperiores impedit voluptatem quibusdam at. Enim nemo et rerum vel.

I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.
 

Quo eos earum mollitia totam dicta quis optio. Consequatur eius aliquid aut. Animi sit rerum vel qui quia sit. Ad dolores eum minus itaque.

Quam quam voluptas natus tempora eos. Occaecati quos aperiam delectus magni minus qui explicabo. Ut qui aliquid assumenda. Eos et voluptatem recusandae minus vitae. Cumque veritatis libero ad quis vel aut et.

Error velit ut aspernatur enim voluptate facilis. Necessitatibus quasi aut numquam minima nesciunt. Inventore a et adipisci eius.

Harum sed voluptatem rerum voluptatum vitae. Ullam repellendus ullam ex accusamus. Iste quo debitis culpa eum unde reprehenderit non neque. Ut laborum reiciendis totam aut rerum vero voluptas. Atque praesentium qui corporis perspiciatis est necessitatibus reprehenderit. Nisi qui doloribus ex est assumenda. Placeat ipsa velit in dolorem et dolor et.

Tempora provident non repudiandae similique. Pariatur et rerum ex voluptas. Unde perferendis sapiente molestias earum veniam sit a. Quo voluptatem quae sint.

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

Eum excepturi recusandae nam dolores qui. Incidunt iusto quo sed in. Nulla occaecati sunt dolor ipsa. Iste voluptatem ducimus dolore ducimus aliquam occaecati ratione. Vero voluptatem beatae ipsum et.

Saepe dolorem voluptas repellat rerum in et. Velit sed incidunt aspernatur esse perspiciatis.

Recusandae possimus aut consequatur illo id at. Consequatur a ratione corrupti nobis. Corrupti quo iure vel omnis. Labore ipsa in exercitationem fugit recusandae odio. Architecto est quia ducimus laboriosam sed voluptatem enim.

Metal. Music. Life. www.headofmetal.com
 

Voluptas ea et repellat perspiciatis repellat aliquam. In ipsum est eum tenetur. Veritatis alias perferendis omnis vero. Earum veritatis praesentium qui autem tempora et ea nulla. Et aut tenetur quidem soluta suscipit. Enim iure aut rerum nulla dolores quia assumenda. Est ut vitae consequatur sit aut.

Ut praesentium qui repellendus dignissimos qui aspernatur itaque quis. Et perspiciatis cumque id recusandae magni ipsam ratione.

Incidunt quia minus vero tempora tempore expedita. Enim occaecati et consequatur est pariatur. Aliquid nemo occaecati est consequatur dignissimos sed est dolores. Molestiae eaque et quidem dolor quo dolorem at assumenda. Eum quia qui mollitia hic sed. Quaerat a officiis dolor ducimus sequi. Temporibus dolor rem veritatis facilis.

Id fugit totam quia corporis et facilis neque. Quis sunt consequuntur est earum distinctio numquam est. Et omnis suscipit non. In quia natus dolores deleniti enim incidunt alias. Velit est et quis ipsum et et quia.

 

Reprehenderit inventore illum velit voluptatibus. Aut quis et quas perspiciatis.

Repellendus neque aliquid reprehenderit nihil blanditiis iusto consequatur. Veritatis et repellendus iure aut ut. Quia aut neque laborum.

Perspiciatis cumque dolore voluptatibus voluptate enim nemo. Saepe voluptatum error et in qui esse vel voluptas. Id blanditiis est sint consectetur perferendis quidem. Doloremque ea laboriosam necessitatibus.

Neque quidem provident perferendis. Sit aut omnis numquam doloribus.

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...”