With CD sales dwindling fast, DRM dead, and major artists starting to give their music away—it is clear that record labels need to do something drastic to lure pirates away from illegal downloading. As Wired and ArsTechnica point out, one of the ideas on the table is to generate a file sharing surcharge that would be collected by ISPs—something like $5 a month for unlimited downloads with the proceeds being doled out to artists based on the number of times their music was traded during the month. Seems a little too good to be true, but it does raise the question: would $5 unlimited P2P be enough to convert you from a life of piracy?

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[Wired via Ars Technica]