Internet Piracy and the Music Industries Business Model - Research Project

4472 Words18 Pages
Research Project:
The Music Industry’s dramatic business model change from physical sales to digital downloads, how much the record labels are affected by internet piracy and how to regulate it.
Information Discovery, Analysis and Interpretation

Contents Page Page

1. Executive Summery 3

2. Scope of Report 4

3. Overview 5 4.1 The Definition of Internet Piracy and the Damage it
…show more content…
I will analyse the cost to the music industry of internet piracy over the last decade, Quantify and qualify the argument that an illegal download is equal to one song purchased. I will use the statistical and financial data from the RAII and other authorities to outline my findings.
Also I will controversially conclude whether the music industry is benefiting from music piracy, whether the music industry is now an open market business, and the attitude of artists to an open market compared to that of their record labels and the RAII copyright authority.

3 Overview
3.1 The Definition of Internet Piracy and the Damage it causes
The term internet piracy has been around for the last decade, describing the illegal activity of downloading and sharing copyrighted material freely. The Recording Industry Association of America warns companies and consumers about the threat of internet piracy:
“Music theft is a real, on-going and evolving challenge. Both the volume of music acquired illegally without paying for it and the resulting drop in revenues are staggering. Digital sales, while on the rise, are not making up the difference” (RIAA, 2012)
In 2007 the Institute for Policy and Innovation estimated that the total cost of Internet Piracy, specifically to the music industry, is costing the US economy over $12 billion a year:
“As a consequence of global and U.S.-based piracy of sound recordings, the U.S. economy loses $12.5

More about Internet Piracy and the Music Industries Business Model - Research Project

Get Access