In CNET News.com today:
Liquid Audio to evaporate. The company’s board of directors votes unanimously to dissolve the company and distribute its cash reserves to shareholders.
Pretty pathetic. Liquid was one of the very first innovators to attempt to make a legal online music system in the Napster age. The fact that they’ve gone out of business shows just how stupid the recording industry is. Without a cheap, widely available alternative to getting illegal music from Kazaa or Gnutella, people are going to continue to violate copyright and copy music.
I’m willing to pay between 10 and 25 cents a song. Charge my PayPal account to avoid the overhead of credit card transactions and subscription models. RIAA, are you listening?