Thoughs on Music, by Steve Jobs

Apple's CEO, Steve Jobs, writes an thought-provoking open letter to the "major four" players in the music industry, Universal, Sony BMG, Warner and EMI, in which he pledges for a total discontinuation of DRM technologies. Jobs claims that only 3% of all music installed on every iPod ever sold was acquired at the iTunes Music Store, making 97% of the music installed on Apple's player (79% market share) DRM-Free. This renders DRM nearly useless. He argues that DRM is costly and hurts consumption; it hardly makes any dent on piracy: as soon as an iteration of DRM is released, almost instantaneously a circumvention is created somewhere in the globe.

You can read the letter here.