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Online Piracy - Facts/Figures. Online music and movie piracy is a real life crime, and with crime comes consequences. The fact is, online piracy is a continuous problem that is negatively affecting the music and movie industry. However, the level at which piracy has affected these industries is still under quite a bit a dispute. The RIAA asserts that piracy has cost the United States economy over $1. The RIAA has also said that “both the volume of music acquired without paying for it and the resulting drop in revenues are staggering.
Digital sales, while on the rise, are not making up the difference. There should be no doubt that piracy undermines the entire chain of creating and investing in music . What both sides can agree on is the fact that online piracy is now easier and therefore more prevalent than ever.
One example of a band using file sharing to their advantage is when the band Radiohead produced and released a record on their own allowing users to pay whatever they wanted for the album and then download the album online. You can’t pirate an online account.” . Although the RIAA has made efforts to increase awareness on the consequences of illegal downloading and file sharing on the internet, the fact is, piracy has become a social norm. Whether it be music or movies, the average person has illegally downloaded some sort of media in their lifetime.
How can the RIAA and the FBI put a stop to internet piracy? A question that is yet to be answered. Sources. Siwek, “The True Cost of Sound Recording Piracy to the U. S. Economy.” Institute for Policy Innovation Policy Report – #1. July 2. 01. 1 < http: //www. Study: file- sharing no threat to music sales.
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The Washington Post, pp. July 2. 01. 1 < http: //uneasysilence. How To Watch The Full Hounds Of Love (2017) Movie.
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