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Piracy in the Music Industry
Essay specific features
Written by:
Joel W
Date added:
October 14, 2015
Level:
University
Grade:
A
No of pages / words:
18 / 4987
Was viewed:
5502 times
Rating of current essay:
Essay content:
The International Federation of the Phonographic Industry (IFPI) claims that about 34% of all recorded music products sold worldwide in 2004 were pirated copies and that piracy costs the industry over $4.6 billion per annum. Not included in these figures is the cost of file sharing over peer-to-peer networks, which the IFPI blames for a fall in global music sales of some 22% between 1999 and 2004...
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According to an OECD study, 2.6 billion songs are downloaded every month in over 90% of cases the files swapped infringe on copyright protections. One estimate suggests that online file sharing reduced CD sales between 2000 and 2003 by as much as 30%, or about $ 4 billion per annum. In the computer software industry, research by the Business Software Alliance suggests that software worth $32 billion was pirated in 2005...
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