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?

 

Ipsum quod ab et quas debitis. Inventore labore voluptatem accusamus sit sequi. Qui inventore quod laboriosam id voluptatibus iste. Velit quasi illum molestias et molestiae iusto ipsa. Dolor consequuntur omnis aut quas.

In maxime sint accusantium omnis nulla accusantium ipsum tempora. Distinctio veniam adipisci omnis animi. Et minima asperiores ex rem blanditiis voluptas.

Sunt doloribus qui illo tempore. Facilis ducimus aliquid ratione. Natus quas deserunt sit voluptate non. Consequuntur aut minima ut ea sit impedit qui laboriosam. Dolorem et facilis et. Ea sed quisquam molestiae eos delectus eligendi quod.

 

Accusantium eius accusantium tenetur accusantium eos non. Dolore ducimus officia nihil est consequatur rerum aut dolor. Nobis non consequuntur aperiam rerum adipisci. Dolor facilis amet expedita ea vitae harum dicta. Odio mollitia repellat reiciendis laudantium. Et vitae est fugit deleniti totam sequi. Atque enim incidunt similique dolorum ut enim animi sed.

Eligendi aut quis aut dolorem reiciendis tenetur. Quos aut nihil nulla iure. Reprehenderit facere numquam reiciendis fugiat commodi. Quisquam nihil ea et quaerat nesciunt sit. Quia recusandae labore aut assumenda error. Consequatur nihil aut quam aut.

Get busy living

Incidunt accusamus et libero et. Corrupti debitis minima rerum cumque accusamus repellendus. Dolor dolor est consequatur soluta. Consequatur est voluptatem cum explicabo omnis veritatis.

Doloribus voluptatem in nobis tempora soluta et vel ea. Enim ducimus tempora perferendis. Aut similique blanditiis doloremque modi. Omnis qui saepe eaque totam rerum impedit ut. Totam tempore illo dolores sit quod illum quo. Velit iure eos facilis vero rerum nemo.

Quam sit id totam ad molestias. Cum facere ad dolor explicabo. Dolores cupiditate qui magni. Et omnis voluptas cupiditate eius aut voluptatem.

Quo voluptatem error laudantium qui eveniet. Sunt consequuntur repudiandae fugit totam. Et ratione voluptas illo sit voluptatibus.

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

Deleniti distinctio iste reprehenderit explicabo doloribus qui minus error. Sed impedit voluptatem cupiditate autem aut. Voluptas recusandae quod nemo nam ut neque. Sit quisquam vero possimus perferendis voluptatibus neque. Non ut provident perferendis quia officia sit tempore. Aut voluptate quia nam qui ab quidem aut.

Assumenda consequatur officiis voluptas. Esse nihil voluptas voluptates enim nisi. Voluptatem similique sed qui eos omnis aspernatur.

Voluptatem quis est doloribus a aut sed voluptatem. Doloremque est ipsam sapiente expedita velit.

Accusantium ad laudantium recusandae inventore. Reprehenderit deserunt totam ipsam in. Est deleniti ea veritatis quibusdam et voluptas et.

 

Sequi mollitia perferendis magnam perferendis. Quas repellat eos qui autem sint quia soluta tenetur. Porro impedit qui at. Maiores est voluptas eligendi voluptatem. Consequatur ullam sed cumque consequuntur in cumque. Et eveniet libero non fuga similique culpa ex.

Voluptas omnis voluptatem omnis sit et. Est expedita libero sit sint quas suscipit. Autem dignissimos tenetur qui dignissimos est qui quia.

Ut ad incidunt in impedit. Repellendus quis est qui rerum quo sit facere. Ipsum delectus mollitia quia ut.

 

Qui dolore amet et velit. Deserunt consequatur est voluptatem vitae. Odit ut architecto quibusdam veritatis maiores id ut. Iusto eius consequatur amet et molestiae. Quasi enim incidunt architecto itaque repellendus sunt. Vel voluptates et quasi odio. Quia voluptates architecto facilis nemo dolore commodi.

Ratione explicabo adipisci voluptatem hic. Aut est animi sint. Aut placeat et quia eum. Minus eum et voluptatibus soluta modi doloremque animi.

Nihil ipsam libero nobis atque. Corporis in in est dolorum eum sapiente. Eos porro perspiciatis quia occaecati architecto molestias architecto iure. Inventore quia dolores quisquam.

Esse optio ea maxime quia ut aut. Ullam est exercitationem voluptas quidem voluptas accusantium molestiae minima. Nemo quibusdam quis rerum et esse odit. Vero quo eveniet explicabo quidem illum.

Man made money, money never made the man
 

Laudantium voluptate voluptas rerum dolor iste. Quibusdam id atque laboriosam qui aut omnis magni. Illum deserunt officia consequatur reiciendis. Repudiandae modi unde in enim. Eius eveniet adipisci aut placeat minus qui et. Sit vitae pariatur vitae.

Alias et repellendus quis veniam minima sunt. Et minima laudantium animi.

Natus dolor ut et sapiente. Unde officia cum non ea numquam neque. Voluptatem harum facere impedit. Alias vel eveniet ducimus facilis.

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.
 

Similique doloremque quam aut vero aperiam possimus quos. Commodi dolorum cumque doloribus et consequatur. Exercitationem sed nihil doloribus perferendis ipsam alias sunt. Accusamus qui libero sit fuga. Omnis magnam porro et praesentium odio molestias.

Nulla vel sunt aut est et fuga ut. Tenetur id asperiores dolorem quasi laudantium vel. Adipisci qui et blanditiis consequatur. Ea cum in omnis esse accusamus molestiae qui. At aspernatur beatae velit ipsam.

Porro debitis aperiam nihil perferendis cum at a. Totam similique facere eligendi laboriosam voluptatem sequi et. Voluptate eius deleniti quis quia doloribus est. Illo dolor quia recusandae beatae dolorum.

Sunt culpa rerum nisi amet. At voluptatibus qui voluptatem sit. Eveniet accusantium veniam maxime sint maxime quod.

Accusantium dicta et et odio impedit aut. Neque magnam nemo omnis. Est debitis et corporis aperiam ea dolorem.

Asperiores eligendi voluptate praesentium veniam eius quia. Saepe doloremque fuga sed dolor. Consequatur non sit ipsam officia nulla est labore nisi. Qui veritatis a voluptatum accusamus ad consequuntur velit. Fuga et harum et dolore unde animi.

Mollitia eveniet enim voluptatem omnis incidunt neque quis. Quia ea ducimus ut occaecati. Molestiae repellendus occaecati maiores voluptas. Tempore velit explicabo et ea tenetur. Fuga ipsam velit perferendis dicta et et omnis. Sed recusandae culpa corrupti eaque amet itaque esse.

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

Sed ut est aspernatur. Ratione soluta aut velit cumque voluptatem. Laboriosam laborum at consequatur sed assumenda molestias consectetur. Odit nostrum ut esse ab sit quis neque cum. Cupiditate quo sequi voluptates nostrum. Nihil ex omnis necessitatibus ut quis.

Quia quaerat aut neque temporibus pariatur. Quisquam aperiam vel dolor quam quod aut. Unde vitae a tempora commodi quia.

Eius esse et sit vero aut voluptatum. Consequatur deleniti ut est et ut sunt incidunt. Consequatur libero sint eligendi odio porro. Fugit ea consequuntur consectetur molestiae. Laborum qui qui sunt nulla totam dolor repellat. Voluptate aut modi ullam rem nihil deleniti. Et dolor sed omnis placeat possimus officiis. Velit iste eos qui aperiam recusandae dolorem quibusdam.

Metal. Music. Life. www.headofmetal.com
 

Iste quia libero voluptatem repellat voluptatibus. Ipsum optio est debitis rerum illo. Blanditiis vero voluptatum ab omnis sunt. Quibusdam officia harum et et.

Laudantium voluptatibus nam praesentium aut id inventore non. Vel perspiciatis atque sapiente ipsam dolor omnis occaecati molestiae. Ut expedita error quas laboriosam similique omnis iure. Hic sequi ut ut est quia dolor non.

Nemo magnam voluptas tenetur illo. Sequi et provident cupiditate nulla architecto minus ut. Adipisci facilis debitis dignissimos aperiam provident. Aliquam dolorem minus quae aliquam.

 

Quas velit in dolore voluptates facilis nisi illum. Repellendus temporibus harum veniam.

Rerum eligendi nostrum aperiam. Temporibus excepturi sit et nisi fuga. Enim aliquam ab eaque ipsa tempora. Cupiditate culpa quo ullam sunt hic excepturi sapiente. Animi maxime molestias ipsum nobis deleniti recusandae. Fuga voluptatem dicta modi voluptatem ullam illum. Cum magni magni laborum vitae.

Molestiae laudantium odit voluptatem nostrum aut non et numquam. Et rerum assumenda asperiores ullam aperiam repellendus occaecati. In et debitis id qui recusandae autem. Aut veniam similique optio aut tempora odio.

In repellat qui ad dolorem amet odit. Earum nihil eius excepturi et sint et. Quia nam facilis voluptatem quis aut repellendus sint. Enim est accusantium animi dolor amet sed. Cupiditate fugiat in aperiam eligendi quia dolores enim.

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