Hacker News

I appreciate the author's interest in the subject and agree that this is incredibly shady especially when you look at the CEO's stock sales on the last year.

But I pretty strongly disagree with their take on how to remedy the situation, that "record labels should grow a spine" and create some streaming service controlled by them (and granted an antitrust exception by the federal government).

Streaming services were an innovation from outside the music industry's control, and I don't trust them to be good stewards of the idea if we cement their control and make it harder for new competitors. It seems like the problem is pretty obvious (late stage capitalism, no criminal accountability for white collar crime). I'm baffled how the author completely skips over these root causes and thinks weakening antitrust regulation is the solution.