Wow.

When did Bael throw off his Goth trappings and don an RIAA suit! I blame the haircut.

When songs cost 10 cents and have no DRM, then they will cost about what they are worth.

Piracy will end when, and only when, legitimate versions of songs have more value than pirated versions.

Right now, even $1 per song is too much for a lot of people. That is why, despite huge iTunes sales, pirating is still enormously popular.

The movie industry, if it is smart, has been using this time to solve the problem the RIAA cannot.

$20 for a movie is too much. That is why Netflix is absolutely devastating everyone. The movie studios have not found the appropriate sweet spot for the cost of movies, and so when it becomes feasible, people are going to pirate movies even worse than they pirated music.