Mygazines Holds Content Hostage, But Swears Nobody Will Get Hurt…

Here’s the Mygazines response to a blogger:

The true future of the industry lies in the final stages of our site concept. We can easily transition to the final revenue model quickly with the co-operation of the publishers. We cannot however reveal the full concept at this time as we are saving that discussion for the publishing industry directly.

This is actually funny… They’re saying it’s ok to re-use copyright content and along the way, the publishers’ eyes will be opened to new and exciting revenue streams. This reminds of the time my uncle asked me to loan him $500 and promised me he’d double it in a week, provided I asked no questions. I never did get my money back, but I was the proud owner of a surprisingly unsuccessful earthworm venture for a short time.