The Effects Of Music Piracy On The Music Industry

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Global music piracy causes $12.5 billion of economic losses every year, 71,060 U.S. jobs lost, a loss of $2.7 billion in workers' earnings, and a loss of $422 million in tax revenues, $291 million in personal income tax and $131 million in lost corporate income and production taxes.(RIAA Web SIte FAQ) If this is the case, then why do so many people think it is okay to illegally download music or videos off of the internet? Music theft is a real, ongoing and evolving challenge and is effecting the music industry come each day. Bob Marley once stated, “One good thing about music, is that when it hits you, you feel no pain.” Unfortunately in today's society, there is a good deal of pain coming out of the music industry. The Music Industry is having trouble with keeping up with the change in society and the digital age. Today’s world has reached a point where music is so attainable, but what does that mean for producers and managers today? “The rapid emergence of new technologies has caused huge alterations in what was once a straightforward business model for success in the music industry, causing many industry leaders to take a second look at how to tackle their art form.” (Stafford 2010) Many producers and managers think there isn’t much more they can do to stop the piracy trend that is hurting their careers. Although there is no way to change what is happening in society and the way people are using new advancements in technology; there are things that can be done to diminish the problem of piracy. This guide will instruct all musicians and managers today about the background and knowledge needed to protect ones music as well as strategies for reducing music piracy and even how to use music piracy to ones advantage. There are ... ... middle of paper ... ...urpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; The nature of the copyrighted work; The amount and substantiality of the portion used in relation to the copyrighted work as a whole; and The effect of the use upon the potential market for or value of the copyrighted work. (@WashULaw Blog) The lawsuit stated that: Napsters users were directly infringing the plaintiffs' copyrights, that Napster was liable for contributory infringement of the plaintiffs' copyrights, and that Napster was liable for vicarious infringement of the plaintiffs' copyrights. (timetoast) “Issues related to peer-to-peer file sharing were again litigated a few years later when a successor company to Napster, Grokster, was sued by MGM Studios in MGM Studios, Inc. v. Grokster, Ltd., 545 U.S. 913 (2005). (@WashULaw Blog)

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