Music piracy exists in 3 different planes:
Illegally mass-manufactured pirate music CDs
Unlawful copies of legitimately purchased music CDs
Unlawfully downloaded digital copies of documented music
A recent research study on the financial effect regarding music piracy (Institute for Policy Innovation, August 2007) offers a grim picture. The outcome of music piracy to the U.S. economy is approximated at U.S. $12.5 billion each year.
Naturally, these figures are based upon the presumption that sales of documented music on CD would have held consistent, or increased, from year to year. The truth is, nevertheless, that CD sales are on the decline as MP3 players and other digital innovation make the need for music on physical media outdated.
In addition to falling CD sales, half of America’s independent record shops closed between 2003 and 2005. (NY Post). One of the biggest global chains of documented music sellers, Tower Records, closed its doors permanently on December 22, 2006.
Want to see how widespread music piracy is? Here’s a real-time counter that reveals the variety of illegal music files downloaded around the globe every second.
When the typical person considers music piracy, he or she usually considers unapproved sharing of downloaded or recorded music in between little groups of buddies. And while those numbers do add to the music industry’s losses, the most significant losses take place from the actual sale of pirated music that’s burned onto CD-R disks through the thousands in small business laboratories by professional music pirates.
The costs of music piracy are staggering not only for the high profile superstars but the new musicians. It is important for each artist and band member to understand the nature of music piracy and discover ways to fight this problem. Know your rights, and learn much more about the innovation that exists that can protect you and your intellectual property (music) from piracy.
The outcome of music piracy towards the U.S. economy is estimated at U.S. $12.5 billion every year. The expenses of music piracy are staggering not just for the high profile superstars however for the new musicians. It is crucial for every artist and band member to understand the nature of music piracy and discover how you can combat this issue. Know your rights, and learn about the technology that exists that can safeguard you and your intellectual home (music) from piracy.