Tuesday, October 21, 2014
Search
  
Thursday, March 04, 2004
 Music and film market damnified by online piracy
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: According to a BBC article, a 31% decline in music sales between 1999 and 2002 was primarily due to piracy. Many consumers are turned to online peer-to-peer file-sharing programs for music.

The problem is that pirates are flourishing in peer-to-peer clients, downloading and transforming copyrighted material into the form that is used to consume music.

The US film industry is also threatened by rampant Internet piracy. This has been made worse by the increased availability of broadband and the imminent removal of technical barriers to moving and storing massive amounts of content, said Dara MacGreevy of the Motion Picture Association of America.

In 2003, Hollywood lost $3.5bn from hard goods piracy alone, while Internet piracy losses are harder to quantify, he added.

But despite piracy fears, analysts believe the future of the music industry lies in online digital downloads.

Since the files can be easily transported and stored on a range of devices, they have transformed the way people consume music.

By 2008, one-third of music sales in the US and nearly 20% in Europe will come in the form of downloads and streaming music over the internet, building a multi-billion dollar business, according to a recent study by consultancy Forrester Research.
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .