Michael Jackson SELLS 2.6 Million Digital Downloads

I’ve never really given much value to the absurd figures thrown around by the RIAA when it comes to revenue lost due to piracy.  Aside from being based on guesses and estimates, it always fails to take into account revenue generated due to the same piracy (increased sales for concerts, etc).

Most importantly, with iTunes going DRM-free and the general accessibility of legally accessible music on the rise, I just don’t believe that piracy is the real problem at all.

One good example of this is:

…based on preliminary sales numbers from Nielsen SoundScan, 2.6 million Michael Jackson (his work with Jackson 5 and the Jacksons included) digital downloads were sold in just one week.   LINK

Yup, even though Michael Jackson’s music is readily available on all the major torrent sites, it looks like most people just went ahead and paid to download the music.

Why? Well, first, they knew exactly what they were getting. Unlike trying out a new band and wishing you didn’t need to plunk down the better part of $20 just to check them out, everyone buying Michael Jackson tunes did so with full knowledge.  Second, they wanted it immediately and the truth is that, for the vast majority of computer users, the intricacies of bittorrent are just too complicated.

So, while I am sure plenty of people downloaded themselves some free Jackson this past week, it doesn’t look like they are going to bring down the whole system.

Michael Jackson Dead. Britney Spears Not Dead – the Reporting Power of Social Media

One of the major arguments put forth by the big newspaper companies is that if we stop paying them huge sums of money then we will no longer get trusted, vetted and researched news – that so-called “citizen jouralists” just can’t be trusted since we aren’t paying them for their work.

It was interesting to see, last week, that the very first place I saw word of Michael Jackson’s death was on Twitter.  I immediately went over to CNN.com to see what they were saying but they were still talking about Michael Jackson being in a coma.  In fact, it was literally more than two hours after I’d seen multiple confirmations of his death on Twitter, that any of the major news organizations would report the information.  I think that TMZ.com is actually being credited as the first “official” confirmation.  Now , if that isn’t a smack in the face to the so-called professionals…

Meanwhile. this sad death, and that of Farrah Fawcette, led to a slew of fake death reports.  What I found fascinating here was that the same loose network of minds that had confirmed Michael Jackson’s death worked just as quickly to confirm that, in fact, Britney Spears, was still alive even though someone hacked her Twitter stream and annoucned “Britney Spears has died.”  Twitter users also speedily debunked the fake deaths of Harrison Ford and Jeff Goldbloom.

Now, all that is left for the pro’s is to endless rehash all of this while those of us on the bleeding edge are on to the next breaking story.