Music piracy is a developing problem that it affects the music industry in many different ways including being responsible for the unemployment of 750,000 workers, as well as a loss of $2,5 billion; therefore, I want to explore ‘To what extent has music piracy affected the music industry market in the United States over the last 10 years?’
To discover what is the real effect of music piracy I will first look at how the industry works and the amount of revenue lost due to piracy. It reseachres the effect of the loss of revenue in the United States economy. Finally It looks a other perspectives who argue that music industry does not affect the market. From the information I gathered, I was able to get a better understanding of the effect of the music piracy.
From the results I was able to find out that music piracy does affect the music market by lowering the employment rate of the country as well as the total revenue received by the music market; however, the market has found other ways to protect their market like creating digital sales, which has worked as a way to increase revenue in the last 2 years.
The music industry started in the mid 18th century with Wolfgang Amadeus Mozart. Through the decades there has been a great increase in this industry; however, the revenues for this industry have declined by half in the last 10 years. This has been caused by music piracy, which “is the copying and distributing of copies of a piece of music for which the composer, recording artist, or copyright-holding record company did not give consent” . After 1980’s, when the Internet was released to public, people started to develop programs and websites in which they could share music, videos, and information with other individuals. With the ability of sharing, people started to transfer music and this were the origins of music piracy; therefore, it is interesting to understand ‘to what extent has music piracy affected the music industry market in the United States over the last 10 years?’
Countries have developed laws to stop piracy; however, they have not worked. Some programs such as LimeWire and Mega Upload have been shutdown for violating copyright laws. The importance of this investigation is to understand what are the effects of music piracy in the music industry market. It is interesting to understand what are the effects of pirating music, which millions of people do daily and do not know the consequences. Over the past few years, countries and firms have tried to protect their market from piracy and it is interesting to know how have their actions helped their industries. Another aspect is that, according to figures, music piracy has had huge impact in the industry in the last 10 years, especially in the revenue and the increase in unemployment showing impacting figures.
On the other hand, recent articles have debated the fact that music piracy does not influence the music industry in such a big scale so it is interesting to...