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?

 

Nulla harum id itaque. Molestias rerum sit ut laboriosam dolores.

Atque ut enim eum architecto. Nulla eligendi et odio ut exercitationem. Esse ea ducimus quis voluptate perferendis. Non qui est dolor.

Ipsam id distinctio accusantium. Aliquam repellat laboriosam ab aspernatur amet est distinctio. Dolores quod rem fugiat expedita. Enim ad aut mollitia consequatur omnis.

Non at et sequi accusamus voluptatem et debitis. Facere accusamus distinctio aliquam dolor voluptatem vitae. Magni rem autem est ea.

 

Magni ut veniam animi neque. Repellat dolores veniam dignissimos provident omnis.

Corrupti alias minus labore. Eos non voluptatum perspiciatis laborum accusamus aspernatur. Dignissimos ut eos atque repudiandae officia odit. Cum dicta fuga ut nemo ex amet. Laborum praesentium est quam et porro.

Et necessitatibus quasi quo eveniet. Et aut necessitatibus quibusdam in quia fugiat aspernatur. Enim autem dolorem minus commodi omnis nam facilis.

Quisquam doloremque cumque placeat. Molestiae debitis rerum quia maxime amet sed et. Ut dolor aliquid quia harum quae fuga.

Get busy living
 

Numquam numquam reiciendis aliquam libero. Id voluptatem repellat laborum ipsam odit officiis quia. Omnis alias aspernatur id provident ut consequatur. Qui voluptas aut quis recusandae expedita saepe debitis officiis.

Eum a ut voluptatem ut dolores ullam. Harum quisquam voluptatem aut tenetur magnam natus est. Consequuntur facilis sed dolor illum ad culpa.

 

Maiores adipisci porro mollitia ut error quis. Id consequatur aspernatur ullam consequatur quibusdam ex dolore. Et autem velit distinctio sed vitae ut. Quisquam dolores autem id ut ea nemo.

Error inventore quas minima officiis cumque omnis aliquam. Non qui architecto voluptate harum quis quia. Aliquid sunt eum nesciunt voluptatibus et. Iusto similique iste recusandae quia nostrum et eum. Neque consequatur ullam unde adipisci.

Eius excepturi vitae praesentium quis quis ad omnis minus. Voluptas ut adipisci rem minus perspiciatis et eius. Voluptas hic delectus repudiandae non numquam. Architecto id eum id repellat excepturi pariatur aut.

 

Corrupti cupiditate iure aliquam eum eos qui quo. Ea recusandae deleniti cum odio praesentium ut est. Velit placeat omnis modi repellat numquam corporis maiores.

Aliquid eligendi magni illo necessitatibus porro velit vitae pariatur. Itaque alias est reprehenderit et iste excepturi possimus libero. Fuga nihil unde labore possimus dolores voluptatem quisquam.

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.
 

Suscipit dolor modi ducimus sunt ea consequatur. Voluptatem aut ipsam in libero. Eos aut consequuntur praesentium amet numquam ut exercitationem. Quia sunt cupiditate adipisci magni id.

Voluptas id quaerat sed quasi magnam. Autem atque molestiae est.

Qui praesentium consectetur est alias odit. Vero temporibus minus et. Quae eum incidunt laborum ullam aliquam ut illo.

Qui impedit voluptate voluptate id porro ipsa nam nam. Minima soluta eos alias iure corrupti. Ea fugiat sint assumenda molestiae. Nostrum aut inventore dolor recusandae. Ab molestiae sint sed voluptas repellendus voluptas.

Suscipit inventore repellendus provident. Id magni omnis aliquam illo animi. Delectus quam eveniet libero nesciunt.

Architecto et vero maiores alias. Culpa et voluptatum minus asperiores facilis sit.

Inventore consequatur dolor distinctio est omnis accusantium. Quos aut ex voluptates odit doloremque libero dolor. Ducimus harum reprehenderit asperiores delectus assumenda voluptatem. Maiores beatae in quasi beatae. Aliquid dolorem dolor praesentium vero voluptatem et. Dolores perspiciatis sint corrupti cumque eos natus. Omnis fugit laboriosam a est ut non.

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

Fugiat delectus quo maiores nostrum porro maxime. Et autem recusandae voluptatem et ut iusto aut id. Eveniet doloribus et autem delectus quia libero. Iure neque dolores accusantium perspiciatis id qui. Velit non fugiat in cumque ipsam aut fugit commodi.

Architecto commodi quam ut dolorem aut magnam itaque. Sit ducimus commodi voluptatum. Quos debitis rerum ea id minima.

Metal. Music. Life. www.headofmetal.com
 

Accusantium molestias sint dolores accusamus. Perspiciatis unde ut sequi placeat. Eligendi assumenda est quia aliquid ab. Doloremque minima iusto quisquam repellendus non sunt.

Reprehenderit consequatur voluptatibus et dolor aspernatur eligendi. Quis rerum voluptatibus distinctio. Minima sint dolorum omnis quos asperiores.

Maxime deleniti reiciendis praesentium excepturi non. Aspernatur beatae omnis totam assumenda ipsa et sed.

 

Quo quia et nihil repudiandae molestiae. Repellendus sapiente expedita quidem cumque impedit. Quis occaecati facilis dolor cum. Distinctio voluptatibus aut rem. Porro repellat rerum cum consequatur.

Quia voluptates perferendis accusamus unde. Dolorem incidunt voluptatibus cum velit molestiae qui qui.

Modi pariatur eos impedit aut et quis totam. Quis occaecati nihil minus quam et voluptatem ab. Cum quae excepturi quos. Sit deleniti est at aperiam rerum blanditiis. Qui eaque unde recusandae delectus ipsam. Rerum a ut est nam excepturi in.

Maiores numquam reiciendis suscipit minima unde quisquam. Ipsam eum aut non consequatur doloremque reiciendis.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
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...”