No Rock And Roll Fun

RECORD EXECUTIVES FREAKED BY HOUSE SALES: Odd happenings down in the Australian Record Industry (a wholly owned subsidiary of the RIAA) battle against Kazaa: They've just frozen Kazaa's parent company assets. The conspiracists ("realists") see this as a petulant strop-slap from the major labels following an announcement last week that Kazaa would be giving a slice of its ad revenues to indie labels; the head of ARIA's Music Industry Piracy Investigations (that'd be a hell of a mime on What's My Line) says that it's more about... um, what, Michael Speck:

“What freaked us out is finding out they’d sold their homes,” Speck said. Sharman CEO Nikki Hemming recently sold her house to Sharman’s accountant for a profit, only 12 months after she bought it, Speck added.

Clearly, the ARIA are convinced that this sudden bout of house-selling is evidence of there being no goods going on; but isn't is possible that the CEO of a company being slowly ground down by its competitor's ongoing legal actions might find it suddenly urgent to sell their houses and release some capital for food and drink and heating? Are Austrlian labels really so alarmed by the concept of someone selling a house?

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