“In embargoing their music from legal services, and greeting almost every element of today’s online music experience with lawsuits—not just MP3 players, but locker services, interactive radio services, and much more—the labels gave piracy a half-decade monopoly on awesomeness. I believe that the music industry would have something close to double its current US revenues today if it hadn’t blasted itself in the foot, shin, hip, torso, and chest by doing this.”

Copyright Math: a quantitative reasoning master class by Rob Reid (video) | Ars Technica.