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Piracy in the Music Industry - Research Paper Example

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The paper "Piracy in the Music Industry" discusses that the Government of various countries has devised rules to stop the piracy of music and has stopped the operations of companies like Napster. However, it has not been able to decrease the amount of piracy…
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Piracy in the Music Industry
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Download file to see previous pages Technology developed to support downloading of the songs. The online music sales formed a big part of the music industry revenues. However, with that, piracy also continued to increase. This affected the livelihood of millions associated with the music industry. The music industry and the Government reacted strongly to piracy in the music industry and put laws into practice. However, they have not been able to stop piracy altogether.
Piracy in the music industry has been a general phenomenon in the modern world. The financial effects of the piracy have been devastating and there have been measures taken by the industry to curb the instincts of the piracy. Music piracy is the unauthorized duplication of music. This includes downloading from the Internet and copying in a CD other than for using it as a backup. Music piracy is the same as stealing and it is completely unethical. It has been viewed as a criminal offence and the trend is prevalent in the younger generation. Piracy has increased with the advent of the Internet. The online sales of the music have soared but at the same time, the piracy of the music has increased. Due to piracy, the music industry in the USA lost $3.7 billion. The loss has resulted in employment problems in the industry. Thus, piracy in the music industry is a serious offence and it has a detrimental effect on the music industry and the livelihood of the millions. (Higgins, Wolfe & Marcum, 2008) The paper will deal with the facts about piracy in the music industry and the effects of it.
The piracy in the music industry started with the evolution of the MP3. The MP3 are compressed files, which are available on the Internet. These files are easy to download and can be transferred between computers very easily. The MP3 are better quality for their smaller size and clarity. Napster started the MP3 revolution in 1999. ...Download file to see next pagesRead More
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Piracy in the Music Industry Research Paper Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/music/1735508-illegal-downloading-and-the-financial-effects-it-has-on-the-music-industry.
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