Intellectual Property and the Future of the Music Industry Essay

Piracy has become a major issue in the United States. For every motion picture that has been featured in theaters also has been pirated onto the Internet the next day, and for every new musical album that is released, yet there is a free torrent file of the album within the same hour. Even though these online pirates steal music and movies from other companies and make a drastic profit, yet these “rogue” websites receive 53 billions visits a year from across the globe according to Creative America. The persistence of the thieves that break copyright laws of the productions has lead the entertainment business to place a definitive complaint to the U.S. government of the constant notion of piracy. While the notion of piracy was not left

The digital age has brought innumerable benefits to society throughout the past decade. Many new markets have been created, and routes for innovation have opened, but not all industries have flourished as a result of this era. Music piracy, which is the illegal act of obtaining or distributing sound recordings without the owner’s permission, is theorized to be the ultimate downfall of the music industry. CD sales have plummeted and caused the music moguls to panic, but their worriedness might be narrow sighted. Through speculative research, it can be surmised that the act of piracy can positively influence a musician’s career, allow for new opportunities and niches in the market, and have little side effects to anyone else in the business.

Since 2003 the RIAA has aggressively pursued music pirates on the internet who have committed a "substantial" amount of illegal downloading. They have won hundreds of

Protection of intellectual property are investments based on acquired knowledge, thought and effort by one or multiple individuals on behalf of themselves, the business they work for when the property is created, and a financial investment. Each of these – acquired knowledge, thought, physical effort, financial investment – have a value that can be attached as it relates the usefulness or importance of the resulting product. That value will have a level of importance to the individual(s) creating the product and if applicable, the investor providing the funds in support of the creation.

The law must come to terms with the difference between artistic intent and economic intent. Artistic freedom is more important for the health of society than the supplemental and extraneous incomes derived from private copyright fees. They create art of police and control, since no matter how the original intent of the copyright laws are, today, they are subverted to censor resented works that suppress the public’s need to reuse and reshape

Traditional legal principles and processes are constantly challenged by the need to keep pace with copyright issues in particular piracy. The Copyright Amendment (Online Infringement) Bill 2015

The World Intellectual Property Organization (n.d.) helps one understand the importance of protecting intellectual property. They have spelled out several reasons of this importance including inventing new works in technology and culture, which allows progress to be made that, can be utilized worldwide. In addition, the legal protection of intellectual property encourages the commitment of additional resources for further modernization. Finally, promoting and protecting intellectual property encourages economic growth. It creates new jobs and industries. Protecting intellectual property also enhances the quality and

Many companies have had to deal with issue of one illegally downloading music and taking as well as using it for their own. Over time, the term for this issue has became known as "piracy." Regarding the evidence in the article, organizations such as the Motion Picture Association of America should not use emotionally charged language such as "piracy" to win legal battles.

Intellectual property represents ideas created by minds of humans that require certain rights for their use. Intellectual property gives companies a competitive advantage and attracts the attention of other business partners and investors (Lee, 2016). With such importance, it is necessary for the law to protect these ideas from being used by unauthorized individuals. To shield from this, trade secrets, patents, and copyrights are used to protect the ownership of intellectual property (Legal Information Institute).

The way consumers have shaped recorded music has always had an impact on the record industry. In the history of recorded music, we have witnessed a great deal of technological change. Although opinions may vary, we can reasonably assume that the way we consume music has consistently increased and evolved since the invention of the first phonograph. While previous generations focused on format and standards, in the early 21st century we saw a great upset in not how we consume music, but how we gained access to new music digitally. As a technological greedy society we began to witness the rise of music piracy in the record industry. “Piracy is the use of another person’s idea, product or invention without their permission,

The question then became “Just because we can get the music we want without paying for it, should we?” (Tyson, 2000, p.1). This issue of illegal downloads, which is also referred to as piracy, has been a hot topic ever since the introduction of Napster. According to Recording Industry Association of America “In the decade since peer-to-peer (p2p) file-sharing site Napster emerged in 1999, music sales in the U.S. have dropped 47 percent, from $14.6 billion to $7.7 billion” (RIAA, 2014).

We all know that downloading pirated music and films is illegal, but what exactly is it? The term piracy refers to the copying and selling of music, films and other media illegally; in other words you are copying and selling copyrighted media without the permission of the original owner (NiDirect, n.d.). With the massive growth of the internet and its ability to store and capture vast amounts of data, we have become much more reliable on information systems in all aspects of life, but it does not come without the risk of information technology being used unethically. With the number of IT breakthroughs in recent years “the importance of ethics and human values has been underemphasised” often resulting in various consequences. Not surprisingly one of the many public concerns about the ethical use of IT is that “millions of people have downloaded music and movies at no charge and in apparent violation of copyright laws at tremendous expense to the owners of those copyrights” (Reynolds, Ethics in Information Technology, 2015). This essay covers the ethical issues of downloading pirated music and films and the impact it has on music corporations and recording and film companies.

Legality is a huge factor on why people should not pirate music or movies. There are many cases of people getting fined thousands of dollars for downloading a few songs. According to computerworld.com, one woman from Minnesota was fined 1.9 million dollars for sharing 24 songs on a peer-to-peer (P2P) program (1). This fine was for only 24 songs and with the average iPod these days having over 800 illegally copied music tracks, the cost of the everyday person getting caught for pirating music is quite extensive (Sabbagh 1). With this substantial penalty for downloading songs through illegitimate sources, the demand for illegal music should be minimal if any at all.

There is such a legal concept as "intellectual property". Intellectual property is defined as the creation of any intellectual innovation by an individual such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. The law provides him exclusive rights to this innovation and is strictly against theft or plagiarism in any way. Innovators can safeguard their property by one or more of the following: copyright, trademarks, patents, industrial design rights and in some jurisdictions trade secrets.. Copyrights, patents, and trade secrets are each authored by different Offices. Each is based on the Laws of Commerce. (LII. Intellectual property). Cultural attitudes, in fact, esteem words and knowledge above that of certain other property, since knowledge is something that cannot be as easily duplicated as, for instance, an article of common furniture can. To illustrate the veneration that contemporary society accords intellectual invention, software is more expensive and valuable than hardware sink the

Firstly, with laws to protect intellectual properties, it prevent and stop other companies from commercially using the protected intellectual properties in the marketplace, allowing the owner company to control the usage of their original