IP rights need to be protected but the market is just gonna plain decide what those rights are really worth.
That will result in a middle ground between what the “entertainment industry” has been used to when it controlled all distribution and what it will become if IP rights are not protected at all.
If IP rights are not protected, as another FReeper has already pointed out, those with talent will stop producing and we will get dreck like you can't believe - it will cost very little and be worth exactly that.
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Your original post..."There should be some middle ground between property rights being stolen and these people being compensated astronomically"
yeah, anytime a presumed Conservative, A)looks to compromise with theft (moral relativism)and B)concerns himself with how other are paid (pay czar nonsense)and does it in one sentence then explanations are called for.