The Chaos of The Worlds Most Valuable Album - Martin Shkreli Vs. PleasrDAO
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- Опубліковано 27 вер 2024
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The worlds most valuable music album... meets one of the worlds most hated men. (Martin Shkreli). A lawsuit involving a Crypto "DAO"... a big pharma fraudster, and a multi-million dollar Wu Tang album is set to go forward in a "winner take all" match regarding copyright, in the most hilarious way possible.
"Once Upon a Time in Shaolin" has made history twice as the most valuable album ever sold... and it might just make history again, as the mechanism by which hated Pharma/Hedge Fund executive Martin Shkreli goes back to jail.
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I aint got money to afford it
But if I could I would use your code to buy it
As long as they pay you,I don't mind the sponsorship 👍
So a fraudster goes to jail, Wu Tang gets free publicity which would lead to more record sales and a bunch of crypto bros got screwed? I see no downside here.
no ones ever been charged letalone convicted on the statute you mentioned for what Skreli did. great job at confident misinfo
Well at least this album is safe from being forever lost when the disk will eventually break
Yup. Piracy is a form of archiving for future generations
Dude is a genius, "I'm gonna break this legally binding thing and then brag about it multiple times on the biggest social media platform in the world" lmao.
The rich normally get to do so with no consequences.
Can’t we put him back in prison already?
You do realise he's a degenerate from the OG internet days pre 2012 internet. This explains his behaviour perfectly. He's an original troll anarchist.
He is everything that's wrong with the world today. The word 'Altruism' really doesn't translate well into American English
He posts on Facebook?
Fun fact: that Wu Tang album isn't the sole album with only one copy ever made. Jean-Michel Jarre's _Musique pour Supermarché_ predates it by 32 years!
As youngters now say, "common Jean-Michel Jarre W"
That's a weird flex. I mean, I have made myself a couple of albums that only have a single existing copy, and I'm sure countless of people have done it too. It's not like it would be hard to do so
@@anteshell I assume he is talking about famous musicians, as in people whose music sells on a commercial basis. I am sure your album is wonderful but I don't think Martin "Scumbag" Skreli is going to be buying it with his prison cryto-chips any time soon.
@@julianking4793 Well, it is certain my album doesn't have quite the cult following as the Wu Tang Clan album, but then again.. neither does the Jarre's album.
One has to make quite a lot more assumptions than what you did outside the scope of what OP said to make the flex not weird.
@@julianking4793Anteshell is the songbird of there generation. You give them the respect they deserve
Ngl. I hope he releases the album as much as possible. I despise investment collectors, scalpers, and "muh exclusivity" people.
Same. Hate stuff like this.
I agree, art shouldn't be worth money.
@@SaltpeterTaffy that's not what I'm talking about. Is your IQ at Celsius room temperature?
@@SaltpeterTaffy It's been online a few times, it just rarely ever has seeders sufficient enough to get a copy.
@@SaltpeterTaffy Then what would be the artist’s motivation to create it?
I hope that people do reshare the music so much that the exclusivity is destroyed, just because that would be the outcome that hurts Martin the most and is somewhat in line with what WTC believed in.
Also because it hurts crypto bros and that's funny
I hope it gets shared cause it is music and music is cool. You're a pos mascarading as a principled guy 😂
I dunno man, I've heard these guys are nothing to fuck with. Shrekeli better protect his neck.
He knows cash rules.
Thank you.
According to text on the album, WTC is legally allowed one caper/heist to attempt to steal the album back. (Bill Murray is also given this privilege)
Here's to hoping that they utilize that.
Dolla dolla bill ya'll, that's the Cure for Paranoia
They are a bunch of old vegetarians now. Wutang needs proteins.
*”Pleeeeeze, government … help meeeee”* 13:05 LOL! 😂 Love you, Upper Echelon Gamers!
The way Shkreli went about the price hike was that he forced insurance companies to pay out big time, they didnt like that and went full force on him. He stated that if there were ever the case that anyone actually needed the drug and couldnt pay(drug was needed for a very rare disease), he would give it for free. The money collected from frau... Insurance companies were used to do research and development for newer drugs. With all the ire raised against Shkreli, they finally managed to pin him for threats against a presidential candidate for putting a bounty(obviously a joke) on Hillary Clintons hair. Of course, all of this smearing done maliciously against Shkreli by MSM knows no end, glad you're contributing.
Hope you at least reached out for comment.
I was gonna say I heard that the price raise was just for insurance companies. I would’ve thought UE would pick up on this bit or at least mention it if it was some variation of the truth.
So that's why he was actually put in prison.
I don't know, mate. Getting a fraud conviction and imprisoned for it seems to indicate that he's definitely troubled, if not a complete scammer as a career.
He's definitely not the 'innocent angel' you want to make him out to be.
@@syahmiirfan6779 guess who had money to buy the legal system
@@toomanyaccounts You mean... Shkreli? Proven securities fraud was unrelated to the pharma side of his companies.
At one point you say "he is prohibited from replicating, duplicating or exploiting the album for personal gain" and then you describe how he was allowed to exploit it per the agreement. "For personal gain" is doing a lot of heavy lifting there I am not seeing a lot of profit in sending copies to 50 people for free. Discord is not a 'Normal Venue" and the agreement would have been broken and void for him once he was forced to sell it....for profit, to pay the state. I think he is slimy enough to wiggle out of this.
From what i understand, he only jacked the prices up for insurance companies while offering the drug for free to people that didn't have any medical insurance.
yep but dont let that stop all the bots hating on him
100% true and i cant fathom that ech didnt find that in his research
yuuup! every time a video leaves that part out, it automatically loses all credibility to me. Just shows you just hate him/didn't do proper research/you're leaving it out on purpose cos well you just hate him!
So he chose to screw over everyone who buys health insurance?
But did he actually follow through or was it a troll ? Any evidence of this ? Sounds to me he said that only to lessen the inevitable backlash. Like when celebrities who mess up suddendly give a lot to charities.
PleasrDAO only owns the physical copy, Wu-Tang still owns the copyright. If Martin Shkreli would be sued by anyone over file sharing it would be WTG, but I doubt that'll happen precisely because of what the album supposed to protest especially considering who owns the only released copy it now.
Can I sue someone that shares the a digital copy of the Clerks DVD, because I own a physical copy of the DVD? No, as I'm not the copyright holder. Could View Askew? Yes.
Anyone remeber that bizzar Wu Tang Clan controller?
Looking at it gave my hands cramps.
Oh yeah
I saw it in a Caddycarus video
Yeah not the ideal logo to turn into something designed to be held by hands, it's asymmetrical and it has too many sharp corners.
@@Apoc5k Just like yo mama.
@Apoc5k Don't look at the original Xbox controller then. Aka, "the duke"
Pharma bro ain't no ho yo!
Say O V Hoe!
Martin did a full circle and completed his jail journal and the main idea of the album
I'm so glad we have you Upper Echelon.
What that tells me is that he wants to break the illusion of value of a song vs other more affordable songs. What makes songs more valuable than others? What is so special about them? Was more effort made into making it than the affordable songs? What is value in the grand scheme of things? What are rules really for?
Thanks for uploading this Upper
I needed something to watch while waiting for my appointment at the hospital
Same here. 😑
It should be a civil case. His agreement at the time of purchase was with presumably wu tang? It's not a legal matter.
How can their even be a legally binding agreement that the album must not be copied? Maybe it's just some weird US thing? In Europe in multiple countries you are explicitly allowed to do a bunch of private copies of any media you own. You are just not allowed to sell them for profit as a business.
Martin Shkreli also gave anyone who contacted him their meds for free.
He has NO SHAME nor Conscience to bear any GUILT,
but he is honest about the media.
The problem isn't that medicine prices are jacked. See, Pharma knows the people who need the medication have no way of affording it on their own. It'd be suicide to try and charge that kind of money. They do it because in the states insurance is one of the biggest scams going, both medical and vehicle. Medical especially. The reason medication and medical treatments, even simple hospital visits, are so god damn expensive is because insurance companies will pay it and the industry knows that. So they can rake in cash simply by price gouging everything. Which in turn makes medical insurance more costly than it needs to be because the insurance companies want to make money too. Car insurance is the same way. Rates are based on what other people do and not what you have done or do. Honestly insurance in general needs to regulated to prevent this kind of bullshit. It'd bring medical costs way down and avoid the situation where someone being saved from a stroke or heart attack, or some serious disease, aren't bankrupt over it. Some Aussie visited and went to the hospital after a snake bite. They got slapped with a ten thousand dollar bill for something that would have been free back home. It's fucking insane.
Uh...it is suicide for those without insurance. Medical bankruptcy is super common.
@@Chihirolee3 Is it? I didn't think it was.
This so reminds me of those FBI warnings at the beginning of videos back in the day.
Musicians either become big public performers we get to command perform more, or get to live in squalid obscurity lol. Very little in between now.
I dont like marty but all those rules for the record after he already bought it? Seems nightmarish and distopian.
It all depends on the contents of the contract of sale agreement he signed 👍🏻
Marty?
The record was meant to be an art piece protesting against digital distribution cheapening the value of music.
Skip da ad 5:44
You're doing the lords work.
I don’t know him. He may be a bad guy. What I don’t like is when the government goes out of their way to look for a crime because they don’t like something you do. In this case his medication prices were perfectly legal but the government in a effort to punish him started investigating him even though there was no probably cause to do such. This happens all the time and should be alarming to everyone.
thing is the word is the drug price was only for the insurance company. everyone else could get it for free. the price was to fund research for a new version with less side effects that would then be sold for cheaper than the 13 bucks. the media left those details out since guess who funds them?
Well, they didn't just go after him because they didn't like the stuff he does..... he was an employee and party to a hedge fund company that committed crimes. They were investigating financial crimes in the company, which showed them he was working at the time the crimes were being committed and even further that he had knowingly participated in said crimes. So they had plenty of probable cause to charge and arrest and ultimately jailed him for committing crimes. The federal government does not go after people frivolouslly or with out cause. They have something like 98% conviction rate. If what you said was even remotely the situation many many rich people like skelly would've been taken down by now.
@toomanyaccounts what are you talking about? The drug was only that price for the insurance company? Do you even know how the US health care system works? Prescription medications require a doctor in order to obtain. You need insurance in order to get a prescription or see a doctor without paying even more money. So if this was the price he made the insurance companies pay do you know who gets fucked with the cost? The people who need the medicine so the insurance company will charge even more to the patients. It's cute that you believe the bullshit Martin says but if that was true at all then it would've happened. His company still exists he just doesn't own or work there anymore.
@@Lord_Nikon33 yes insurance pays the cost of the drug. anyone who couldn't afford it if the insurances didn't cover it could contact the company and get it for free.
plenty of prescription meds are not covered by insurance that are only a few bucks per bottle.
I am pretty sure Shkreli raised his med prices up for 1 day and lowered them again. I could be wrong but I kind of remember finding out the media completely railroaded him.
What i remember is that he only charged a ton for insurance companies, but gave it out for free to anybody without insurance. He claimed he wanted to use the proceeds to develop a new generation of the drug that had fewer side effects. Not sure if what he claimed was true though, and i can't say i trust my own memory since its been so long.
@@alexdrockhound9497 yeah no one else wanted to make a new version nor sell it for dirt cheap.
Surprised someone as well read as UE would miss something so obvious as him giving the drugs away for free
"DMCA sucks, BUT." In regards to copyright, that "explicit" legally binding agreement is there for any copyrighted work. I think this album probably goes a step further by not allowing ANY COPIES, regardless of profit. Imagine not having a backup copy of the most expensive album's DIGITAL DATA? Whether or not the album gets leaked, the physical product is still going to hold a majority of its value cause of the history behind it. Burying its dissemination just removes it from the spotlight and cultural impact, in my opinion. This inadvertently getting Shrelly back in prison IS based, though.
Jail is the place that Martin belongs, until he returns to the hell from which he sprung
An .mp3 file is not a reproduction of the album. Best I know, it is an imperfect digitally compressed approximation of the album. How much legal utility this has, IDK. Also, I assume the original licensed album was on vinyl. Yes? No?
It was on a CD. A CD that contains said MP3 files.
@@singithi8556:
Not my area of expertise, but I'm taught that CD's do not have files as a computer would recognize. Rather, they have a digital stream; one continuous stream. It takes specific software to extract a song and convert it into a file. The .mp3 compression is "lossy." So, from an .mp3 file the original portion of the CD digital stream could not be recreated. If anyone knows this better, please speak up.
@@Provocateur3 That entirely depends on how the CD was made. It can be the normal CD audio format like you described, or it could just be a data CD with mp3 files pressed/burned onto it. Only the one who made the CD and the actual owner knows for sure. Also the "specific software to extract a song" is trivially easy to find, not at all a secret or illegal thing and widespread for decades now.
@@Tokru86:
Yup, agree.
It’s a bizarre story.
Let’s begin, with part 4.
🎩
🐍 no step on snek!🇺🇸🇭🇰
what
@@alluseri
Jojo reference
Such a dumb lawsuit. What a waste of money to pay all these lawyers and go argue this ridiculous nonsense. These people need to get a life.
Shkreli is the perfect supervillain name it’s cool how he plays the part
I'm one of the three people who like Martin, I'll admit that, but let me point out that if this was literally anyone else the internet's opinion would be different. Imagine if it was a gamer doing this with an old unreleased Nintendo game, everybody would be on his side.
Martin did nothing wrong ❤... in this particular case I mean 😂
I remember there was a micky take of him in Watchdogs 2 I think.
It is very weird arriving early with the women-bots 😂
are you a male bot 😳
You look like you follow tiny humans to the public restroom :(
@@athfbusted 😳 let me swap my profile pic to an ass one
So, if they are filing a lawsuit against him, he will not go back to jail. This would be a civil lawsuit. He might have to pay them money, but unless the government decides to charge him criminally for breaking copyright laws, he might, but I really doubt that will happen.
There is nothing more evil than raising the price of medicine. Some people need to live on that alone, he's going to hell with the people who messed up insulin.
Messed up insulin?
@@VeniVizzleVici yes, when it WSS invented, it was patented for 1$ to make sure people who needed it got it almost free. But as soon as it expired, corp got on it and jacked up the price super high.
It's not so simple as you put it.
Apologies for the long message but I think dumbing down an issue like this is bad.
Daraprim is a toxic drug aimed at treating Toxoplasmosis, a parasite common in rats, cats and cat owners. One of its effects is that it changes the brain of the individual so they will become more prone to aggressive and risky behavior.
The active chemical in Daraprim has potentially terrible side effects and because it is not such a common disease there has barely been research into new drugs.
The problems of the supply-side
A) By jacking up the price Shkreli argued that it poses an incentive for both his pharma company and others to fund research for new alternatives. An example of this happening was AIDS, which due to how huge of a problem it was meant that it was profitable to come up with solutions fast.
B) Most medication in the U.S is provided by insurance companies that alongside pharma have the main power to determine pricing. Although this is not 100% the truth as it depends on the disease the medication is aimed to treat and whether said disease is a strong or weak area of focus by pharma and whether there are viable alternatives in said area of focus, the case can be (not necessarily should be) made that the Daraprim price hike impacted the insurance companies and not the customers/patients, particularly when the drug is a niche product (if, say, this was a common medication percentage-wise then the price hike would be much more noticeable for said insurance customers via their contribution payments).
C) The reasons why medication is so expensive in the U.S are multiple, and government programs and regulation are to blame too. Some think the patent system allows companies to get away with charging insane prices (at the same time if there is no incentive for profit then companies will simply not invest in R&D because it would be an expense without payoff). Some argue that healthcare in general is extremely closed as a sector due to licensing and accredited requirements and that this creates an artificial oligopoly with too many barriers to entry. This allows the incumbent insurance companies to have barely no competition, which drives up their ability to charge high insurance payments to customers while preventing others from entering the market and driving prices down.
Some point that Medicare and Medicaid, which are public spending programs, run at a huge uncontrolled deficit which means that companies in the whole of the healthcare industry are allowed to charge whatever they want because the taxpayer is footing the bill (now and in the future, similar to the problem of student loans which promoted by government enable Ivy League universities to keep raising prices year over year).
On the demand-side
D) The U.S, while a rich nation, also has some of the lowest life expectancies adjusted for average per capita GDP. It's the country with the most advanced healthcare technology while at the same time having huge problems with obesity and a tendency for relying really quickly on medication and being weak on certain regulations (Teflon, Forever Chemicals, Microplastics, Heavy Metals, Trans Fats). If Americans had a better diet (culture, less processed food) and doctors were less prone to overprescribe, then perhaps due to the lower demand healthcare would not be so expensive. Perhaps you would not have had such a huge opioid epidemic if doctors were more diligent, patients were more diligent, or the FDA had cracked down harder on companies like Purdue or their own officials then going to the same pharma companies they regulated.
As you can probably see, whether you agree entirely or partially with the points raised, the issue of this price problem goes far beyond Shkreli, and to me whether what he did was wrong or not is not entirely clear, but I don't think it is just a greedy rationale. His company was also struggling and you will find no business in the world that can maintain operations by losing money. Sometimes raising prices is about surviving as much as it can be about being greedy.
Issues are often more complex than our intuition tells us.
By the sounds of it he could also get sued for breach of contract by Wu Tang Gang.
Hope he gets what he deserves.
This guy deserves to spend the rest of his life behind bars for everything he's done or attempted to do. Price gouging over life-saving medication lands you a special place in the after-life, but why stop at that? A nice bright padded room sounds to delightfully has his name on it.
ngl martin released it to the public for free not for profit and kinda destroyed its hype rarity value for the general public to have an opportunity to hear a rare album. Better outcome than a crypto bro company tryna pump into some dumb nft or something
WHO HAS A TORRENT LINK TO THE ALBUM?
Am I the only one bothered by the fact that Shkreli used a lossy codec (MP3) to copy the album? From a cultural preservation POV, I would’ve used something like Flac.
I don't get how making copies of something you own, could be made illegal,
It was in the contract he signed when he bought it and he kept them way after the sale. Don't you see why that's bad
@@Haydos Isn't there a right to a private copy in the US like in the EU? This would trump any random contract he signed. Just like EULAs. Companies can write all the shit in them that they want. Doesn't make anything of that legally enforceable if actual laws exist that say the opposite.
@@Tokru86 I don't think that's how it works. Anyway it's not like he just made a copy and kept it on his PC. He is sending it out and streaming it on Twitter. That also definitely breaks the contract
@@Haydos That is how it works, though. You can write all you want into a private contract. If anything of it goes against a law, that part of the contract is void and unenforcable in court. For instance you cannot sell yourself into slavery. Even if you willfully sign a contract that states "I sell myself to X.". If X tried to enforce his right to you before a court he would be laughed out of the house. Because slavery is illegal.
Screw Copyright Laws, Screw the Crypto clowns,
I like how Pleasr are such losers, first with the Dune manuscript and now this
MP3? Really? Not FLAC or at least WAV?
I want it distributed as widely as possible
This just makes me want to listen to some Wutang.
Evil has no limits in our world.
Only people who can prove it’s the album are the people that made it.
Alien vs. Predator. No matter who wins... we win.
They could both lose.
What his face loses in court but has something set up to release the album wrecking the value.
I remember the Dune book thing... @UpperEchelon you should send a link of this to Legal Eagle 'cause this story is hilarious and i'd love to hear his imput.
4 million dollar priced not worth. I wouldn't pay a single cent for rap crap.
Martin’s an absolute legend, has been for years
Shkreli has done nothing wrong. People accepting the life saving drug price narrative at face value are eating up a lie
Bloody effin skateboard trick? Wtf
How about an update on Mario that mfer is everywhere on X these days
Yeah i don't feel bad for anyone at all in this story. Wu Tang included.
pfizer said he did NOTHING WRONG
2:16 😂😂 Good!
This Guy Will Go to Jail because of Greed again!!!
Martin's actually a pretty cool guy last time I talked to him.
I want to watch this but seeing Martin makes my blood boil, so I'm hesitant to start the video.
3:19 Why do people do stupid things like this 😂😂😂
Copyright should not exist in the age of the internet? So artists creating a book or music should be pilfered and see their art stolen??? @10:31
This is ok for content creators?? No wonder you lost the "artist" part and took to "content".
Keeps it Real! Wu-Tang!!! 🙌
Why would you want to know that thanks to you, nobody gets to listen to a new album
Win win, win win win.
That album is worthless now!
White people obsessing over rap will never not be cringe
Martins a genius ... he is alive and well , has money, still has a brilliant mind and is doing ok..
What a fool.
Business situation and Imma1st
Don't take my comments seriously. It's only a meme
13:10 😂😂😂😂😂😂🤣🤣
Wow, you missed so big with this one
What a crazy story lol
Great
Total comment on todays society.
U mad bro?
Get Legal Eagle on this
Just involve trump in this somehow and he'll get right on it
uwu
who the feck cares
Prison is the least of his worries, people kill for alot fucking less 😱. Edit, if this comment ages poorly, my bad! But i dont see a con to this situation at all, wutang go nuts, investors go nuts or prison and hes a dirtbag, win win.
I guess I’m too old to understand the WuTang hype. To me, their songs sound like early 90’s Paula Abdul, but with rapping instead of singing.
Hey I don't know if you have any control over what advertisement plays before you're video but it's an extremely ignorant and purely homophobic load of basically hate speech.
I’m gonna have to disagree. It’s not a win. They purchased that album fair and square just like any other buyer and have held (hopefully) honestly to the agreement of said purchase, then this sore loser who’s upset his Ill gotten gains was taken from him and purchased by another to cover his blunders is now freely distributing that album against the rules and agreement just to devalue the item because it’s not in his possession. If you truthfully still think this is fair just because the victims are “crypto bros” who have arguably done nothing to you that is publicly known.. your … your not somebody I want to keep watching. You wouldn’t say that it’s a win win if this was happening to you and your friends so please explain why it’s acceptable.
I fucking love clown timeline.
Rza knew what he was doing when he put out that one album. He was hoping for a tournament to form to attain it, but a legal battle seems to be what we get in this dower world.
Guy bought a 4 million dollar album and ripped it to .mp3 not flack or .iso/redbook. No.. I rip my music to mp3 like it's 1998
For all we kow it could have been a shoddy data CD with mp3 files burned onto it in the first place. I somehow doubt this went through a proper CD press, as it is a unique piece.
The feds rarely get involved in copyright stuff this small.
Yeah the album sold for millions, but that's chump change in the online piracy world.
It's also probably not going to grab any headlines.
IMHO, this lawsuit is kinda screwed.
The major problem i see, transfer of ownership.
Is the original contract, if it actually exists, even enforceable?
And, as the feds seized the album, was the contract legally transferred, or simply ownership of the physical album?
Jodorowsky's dune book was an apres pro example here.
I also think, based on various articles from the time, that Shkreli may have a get out of jail free card on this.
From a press release in 2015, wu tang said that the album can't be commercialized, i.e. put on a streaming service for sale, or copies made for sale, but that it can exhibited publicly and be given away.
Gonna be interesting to see how this plays out, looking forward to updates in the future.
It's because he pissed of the wrong people...The Clintons
Countless artwork, such as the Mona Lisa, have many photocopies, but these copies do not affect the price or value of the original artwork.
Similarly, this album can be copied a million times and distributed for free, but that won't impact the value of the original album. The original remains unique and irreplaceable, and digital copies do not diminish its value.
Additionally, only the copyright owner has the legal right to sue for copyright infringement, not any third or fourth owner who bought the album from a previous one.
Agreed, I dunno why WTC are getting their panties in a punch when the value sits on the physical medium holding the songs itself, NOT THE SONGS in the album. How many times do we see limited editions of things that the digital contents are the exact same as the non-limited, but the physical items in those editions are what justify the difference in price?
@@OfficialDJSoru it's probably because the value in this album is that it is the only one. They have said themselves that it's unbearable or bad and from the bits I've heard of it online I would agree with them on that. The songs are not really that good. So in the case of this album the thing that gives it value is the rarity. Which begs the question of why make it in the first place? Make something good that people will enjoy and carries the same value despite being copied, rather than making something that's either meh or 💩 and is only worth something based on rarity.
@@OfficialDJSoruHow are the WTC getting their panties in a bunch?
At my time of watching this video there are 8 comments. One is from the Upper Echelon, one appears real as it references the content of the video, and the other 6 appear to be bots posting random crap. I'm assuming this is some sort of scam related thing to make them seem like real accounts that have engaged with content. Maybe something you can do another video about. Edit: Glad someone cleaned them up but now I've seen the same scam accounts posting comments about Call of Duty balance changes in non-Call of Duty videos. WTF is with UA-cam.
UA-cam sucks
Woohoo, just found it on the high seas! Thanks Martin!
Bruh link me
You could get the medication for free from the company if you asked, the high price was there for insurance to pay.
7:05 God he is so arrogant. This is absolutely hilarious 😂😂
Alternative theory: He has had a fake version of the album created and is distributing that as a way to drop the value of the real one. How would anyone know if it's fake?