"As a consequence of global and U.S.-based piracy of sound recordings, the U.S. economy loses $12.5 billion in total output annually. Output includes revenue and related measures of economic performance" (Siwek). Businesses that produce, sell and advertise music are forced to go into bankruptcy, lay off employees and raise prices of their products. “job losses, downsizing, quality control, artist development, and everything that has made music a successful industry in the past, has been affected by the continuing loss of revenues” (Douglas). The artists are also feeling the effect; they rely on revenues from CD sales and online purchases. Downloaders and P2P sites pay pretty hefty prices too. Lawsu...
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...egal downloads" The Guardian, 21 Jul. 2009. Web. 23 Oct. 2011.
Douglas, Kathy. "How are illegal downloads damaging the record labels and overall music industry?" Zintro, 07 Jan. 2011. Web. 23 Oct. 2011.
"International Federation of the Phonographic Industry." Wikipedia, 23 Oct. 2011. Web. 23 Oct. 2011.
Lindvall, Helienne. "IFPI music report dispels the myths surrounding piracy." The Guardian, 20 Jan. 2011. Web. 30 Oct. 2011.
Mason, Moya. "Early History of Napster" Web. 23 Oct. 2011.
Metz, Cade. “MyDoom Virus, Kazaa and the Dangers of Peer-to-Peer.” PCMagizine, 28 Jan. 2004. Web. 15 Oct. 2011.
"Rogue security software." Wikipedia, 12 Sep. 2011. Web. 23 Oct. 2011.
Siwek, Stephen. "The True Cost of Sound Recording Piracy to the U.S. Economy" IPI, 21 Aug. 2007. Web 23 Oct. 2011.
"Students Doing Reports." RIAA, Web. 23 Oct. 2011.
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