We have secondary markets for almost everything. If you no longer want that old record or CD, you can sell it to a thrift store, used record store, or on Craigslist or eBay.
But what about songs from your iTunes library you no longer want?
Today on the show, the story of a company that tried to set up an online marketplace where people can buy and sell old mp3s, and what happened to them. It involves a law from 1976, a phonorecord, and a judge that quotes Star Trek.
For more on the legal arguments around selling used digital media:
- Is It Legal To Sell Your Old MP3s?
- Update: Is It Legal To Sell Your Old MP3s? Judge Says No.*
- Lawyer Rick Sander blog.
- Bill Rosenblatt's blog, "Copyright and Technology."
Music: Adele's "Rolling in the Deep" & "Someone Like You,"Peter Frampton's "Baby I Love Your Way," and LMFAO's "Party Rock." Find us: Twitter/ Facebook/Spotify/ Tumblr. Download the Planet Money iPhone App.