Posts tagged with 'piracy'
According to new figures released by the International Federation of the Phonographic Industry, total global music sales dropped by more than 8% in 2008. In the US, total sales were down nearly 19%. The drop comes despite double-digit gains in digital music sales, which are still too small to put a dent in the decline of physical music sales.
You can be sure that digital piracy will receive some of the blame for 2008's slide. And to be fair, record labels have every right to be upset about the infringement of their intellectual property rights.
The battle against digital piracy is one of the most controversial subjects when it comes to the online economy.
The wide availability of peer-to-peer filesharing services and websites that promote content sharing has been a thorn in the side of the recording and movie industries.
There has been a lot of talk about the decline of the traditional entertainment industry the past several years.
As a growing and maturing Internet has become a much more powerful
medium for the distribution of media, traditional entertainment
enterprises, from television networks to record labels, have
increasingly faced new challenges that many argued threaten their