Monday, May 02, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel and Oculus Bring Virtual Reality to Best Buy Stores
NVIDIA and Samsung Agree to Settle IP Litigation
Samsung Develops 3rd Generation 14-Nano FinFET Low-power Process
IE Loses Top Web Browser Spot to Chrome
Qualcomm To Make Mobiles Smarter With New Snapdragon Machine Learning SDK
You Can No Longer Use Google In Cortana searches
HP Releases New Chromebook for Home and Office
AMD and Nantong Fujitsu Microelectronics Close on Semiconductor Assembly and Test Joint Venture
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Global ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 22, 2004
Global CD Piracy Trade Tops $4.5 Billion


Street-corner peddlers of pirated compact discs sold more than 1 billion illegally copied CDs last year, turning a shady black-market trade into an estimated $4.5 billion industry, a new study said Thursday.

More than one out of every three music compact discs bought by consumers in 2003 was pirated, according to global trade body the International Federation for the Phonographic Industry (IFPI).

And at $4.5 billion, the pirated music market represents nearly 15 percent of the worth of the global record music market, the IFPI estimated.

Already mauled by free song downloads from the Internet, the beleaguered music industry is fighting a second front against more-established commercial piracy outfits where factories in Eastern Europe, Latin America and Southeast Asia crank out large quantities of knock-off chart-topping CDs.

Piracy is cited as a main culprit for the $32 billion industry's four-year slump in recorded music sales.

In unit terms, piracy grew four percent year-on-year in 2003 compared with a 14 percent jump a year earlier. The slowdown was viewed as welcomed news, but IFPI officials cautioned it would still step up policing efforts in various hot spots and lobby for tougher anti-piracy laws.

The IFPI named its top ten offending countries in its annual report, including G8 member Russia and Spain, the only European Union entry on the list.

Other perennial hot spots on this year's list were Brazil, China, Taiwan, Ukraine, Thailand, Mexico, Paraguay, and first-time entry Pakistan, which replaced Poland.

"In several of the music industry's very largest markets -- countries with low rates of (Internet) broadband penetration such as Brazil, Mexico and Russia -- piracy of physical discs still dwarfs its Internet equivalent," said IFPI chairman Jay Berman in the annual report.

In Brazil, the amount of pirated music sold grew nine percent in volume terms in 2003 while the legitimate market for recorded music dropped 25 percent, the IFPI said to illustrate the runaway nature of the industry's problem in certain territories.

The IFPI represents scores of independent and major music labels including EMI, Universal Music, Warner Music and the soon-to-merge Sony Music and BMG.

From Reuters



Previous
Next
USDTV to team with LG on digital TV        All News        Matsushita to boost digital camera output capacity
Cheaper anti-copy CDs suggested     Optical Storage News      LiteOn IT Taiwan Invests in AudioDev's CATS System

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
U.S. To Develop Safety Guidelines For Self-driving Cars
CDs Remain Popular In Japan
Ford Tripling Autonomous Vehicle Development Fleet
Ford And Google In Talks To Build Self-driving Cars: report
California Wants A Man Behind The Wheel Of Self-driving Cars
Memory-Tech Promises Improved Audio CD Quality With New UHQCD Technology
Acer Launches Gaming Monitor Enabled by AMD FreeSync Technology
Microsoft Outlines Basic Elements Of Direct3D 12
CD-R And CD-RW Discs Represent $368 Million in 2013 - CD writers and CD Combo Disappearing
New SDXC And SDHC Memory Cards Support 4K2K Video
LCD TV Panel Shipments Dip in Q3 For The First Time
CDSA Releases Updated Version of its Content Protection Security Standard

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .