Music Piracy Affects The Revenue Of Artists And Record Industry

363 Words2 Pages
Something very critical going on in the music world today, is music piracy. Music piracy is when pieces or copies of music are distributed or copied without the consent of the artist, record company, or composer. Music piracy affects the revenue of artists and record companies, as well as, the economy. According to Karla Borja, Suzanne Dieringer, and Jesse Daw, “Preliminary evidence shows that music crime reduces the annual US GDP by 12.5 billion dollars,” (70). This is a significant amount of money that isn’t placed in the economy each year. According to the research firm MusicWatch, in the United States alone 20 million individuals downloaded music from peer to peer networks (Faughnder). While there are laws against piracy, there isn’t one