http://www.cnbc.com/id/49326351/US_City_Named_039Pirate_Capital039_of_the_Music_World
http://www.riaa.com/physicalpiracy.php?content_selector=piracy_details_online
http://www.nytimes.com/2010/01/22/business/global/22music.html
All posts by Javon R.
Financial Loss Due To Online Piracy
According to the RIAA piracy brings about a annual lost of about 12.5 billion dollars to the US
Also a loss of 70,000 jobs for workers in the industry which is a major lost for our economy
2 billion dollars in lost wages for workers which can put a lot of people in a steep hole
Online Piracy Effects On The Industry
Online piracy has caused a major decrease in sales in the music industry certain industry music sales have dropped 30% from 2004 – 2009
CDs sales fell by about 16 percent worldwide causing the music industry revenue to drop to about 15.8 billion in 2009 from 17.5 billion in 2008
That also is a result of our generation becoming more wise with technology since now 27 percent of the industries revenue come from digital sources which is a 21% from a year ealier
Online Piracy
Online Piracy is the unauthorized reproduction, distribution, and/or performance of copyrighted sound recording in a network environment
