this post was submitted on 03 Aug 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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The risk equation makes sense. The potential gain from outlasting your competition and absorbing their subscriber bases to become a near-monopoly is higher than participating in a royalty scheme, and the downside is borne by shareholders and to a lesser extent creditors (the Other People's Money principle).