The Impact of Music Piracy

According to the Recording Industry of America (RIAA) the record industry loses $4.3 billion dollars, worldwide, due to music piracy (RIAA, 2003). The American Federation of Artists claims that on-line music piracy has caused some record store sales to drop by 20% and that 20.6 billion illegal downloads occur every month (AFM, 2004). Many experts believe that music piracy is currently the number one threat to the music industry. RIAA sources claim 278 million people, worldwide, use peer to peer networks such as KaZaA and Grokster to trade music files. RIAA and AFM are fiercely fighting music piracy and enlisting government support to put and end to this crime. Congressional committees are currently addressing on-line music piracy and are generating bills.
Many people do not understand why music piracy is such a big deal and see it is a "victimless" crime. Contrary to this belief, there are many people who argue there is a wide range of victims who......

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Title: The Impact Of Music Piracy
Approximate Word Count: 1064
Approximate Pages: 5 (250 words per double-spaced page)

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