Essay about The Impact of Music Piracy

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The Impact of Music Piracy

According to the Recording Industry of America (RIAA) the record industry loses $4.3 billion dollars, worldwide, due to music piracy (RIAA, 2003). The American Federation of Artists claims that on-line music piracy has caused some record store sales to drop by 20% and that 20.6 billion illegal downloads occur every month (AFM, 2004). Many experts believe that music piracy is currently the number one threat to the music industry. RIAA sources claim 278 million people, worldwide, use peer to peer networks such as KaZaA and Grokster to trade music files. RIAA and AFM are fiercely fighting music piracy and enlisting government support to put and end to this crime. Congressional committees are currently addressing
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Consumers and record producers also suffer the effects of music piracy. Consumers will feel an increase in concert ticket sales and legitimate album sales to compensate the artists for lost revenue due to internet music theft. Record producers will have less revenue to work with which is needed to scout and produce new talent. So, ultimately the consumer is hurt again because less money is available to "buy" new talent, so the music pool does not grow and music becomes stagnant.
Measures Taken to Stop the Piracy
The RIAA represents many major recording labels and they are taking lead in the fight against music piracy. The RIAA feels as if educating the public of the consequences illegal music sharing has on the industry will be key to decreasing the crime occurrences. The RIAA along with other groups has launched a major public awareness campaign.
The RIAA is also working together with Congress to enact new bills which would specifically give legal power to prevent music piracy.
HR 2517, the Piracy Deterrence and Education Act is being considered in the House Judiciary Subcommittee on Intellectual Property. This act would mostly attack peer to peer networks and force the FBI and the U.S. Copyright office to develop anti-piracy programs (AFM, 2005). 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
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