From the EFF: A Better Way Forward: Voluntary Collective Licensing of Music File Sharing

The Electronic Frontier Foundation published a paper on a proposed music licensing scheme that is very interesting. Basically it works in a manner similar to the method venues use to license music (perhaps through ASCAP or BMI). A flat fee which makes it's way to the artists, writers and copyright holders of the material. It may, depending on contracts with record companies, partially cut record companies out of some revenue, but the creators get their due. It's a shame that the record companies can't seem to embrace the electronic distribution model, and truly take advantage of the massive distribution potential of the internet, including P2P.

EFF: A Better Way Forward: Voluntary Collective Licensing of Music File Sharing