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Where'd All the Music Go?

The latest ruling from the World Trade Organization about the online casinos and gambling related case puts Antigua in a prime position to royally pull one over on the United States now that the small island nation has approval to violate U.S. intellectual copyrights up to $21 million a year. As news of the WTO settlement continues throughout the online casinos and music industries, many are alarmed at the potential impact on the U.S. music and video industries.

Initial reactions from many in the U.S. who support the U.S. ban on online casinos were confident that the $21 million ruling was small enough that it would not have a significant and lasting impact on the related industries. But as analysts look at the long term effect and precedence from similar events that happened just a decade ago, the situation could have a more startling effect than was previously assumed.

The U.S. media companies are already griping about the fact that they are paying the price for the online casinos industry – an industry totally unrelated to music and movies. And even though many government officials are nonchalant about the effect that the copyright infringement will have on the music industry, other industry veterans (in the music and other media industries rather than the online casinos industry) predict that the WTO ruling and Antigua’s subsequent actions could have a downward spiraling effect on the industry and cause problems in the music industry reminiscent of the Napster and Kazaa problems of years past.

An article on Clickz muses that the Antiguan online casinos companies are now looking at all of the ways to transfer over focus into the music and movie industry. The piece remarks, “I wonder if there aren't people in Antigua right now snapping up every video-related domain name."