RIAA Throws In The Towel

01/19/2009 05:12 am ET | Updated May 25, 2011

So, the RIAA has finally given up on its insane policy of suing music-lovers. It's about time. Today I'd like to give props to my friend Terry McBride. Throughout the years of post-Napster madness, Terry was a voice of sanity, reminding all of us that suing customers was no way to build a business. He also had the courage to create a legal defense fund to defend those "accused" of downloading. Now, it's time to rebuild the music business. Certainly, artists need to be paid for their work. But how? I may be naive, but I still believe that fans will pay to purchase music either digitally or on CD, if a) the music is great and b) it's priced fairly.

Today's decision was a great victory for Terry. Congratulations.