And here’s my tip to industry associations like the MPAA and RIAA for continued relevance in this Internet age, possibly for everyone’s benefits. Become standards bodies for programmatic APIs over media rights, metadata and micro-transaction details. Record labels and movie/tv studios can use these standards to make their own works available for streaming and to accept payments from third parties.
With open APIs, new streaming services can freely innovate. With increased competition and choice, consumers can get better pricing and collectively access everything, just as the Internet eventually makes everything available. And with competing streaming services, the labels and studios don’t have to fear streaming giants such as Netflix, YouTube and Spotify consolidating too much power over distribution. – Gary Fung, isoHunt via Ernesto, TorrentFreak
(Full Story: http://feed.torrentfreak.com/~r/Torrentfreak/~3/M59gMWm2LIE/ )