"The Electronic Frontier Foundation called on the music industry to form a new collection agency to issue file-sharing licenses for a monthly fee. The group said a fee of as little as $5 a person would net an estimated $3 billion annually for the music industry, which currently earns no revenue from the billions of songs exchanged through unlicensed services such as Kazaa. And it would entitle the estimated 60 million Americans who use file-trading services to continue swapping songs without fear of lawsuits," reports the Mercury News.
"The proposal, unveiled at the Future of Music Coalition's law summit in San Francisco, met with a tepid response from the recording industry, which has spent the past three years fighting file-sharing in the courts. Industry observers predicted the EFF plan has little chance of success without the support of the major music labels."
