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  • Essay / Digitized Music Piracy - 1012

    The music industry has grown through a series of technological advances, from the development of vinyl to the digitization of music and the creation of formats such as the compact disc ( CD), digital audio tape and minidisc (Leyshon 2001). Even if digitized music makes it easier for consumers, it causes the emergence of piracy and a drop in sales. The topic of piracy has been around for some time. Since the 1920s, music piracy has emerged around the world with the production of cassette tapes, voice recorders and CDs, which has brought a new type of event to court. Additionally, music piracy has become a global problem due to the development of music downloading via the Internet. Music piracy affects the entire global recording industry and is little known to most people. In keeping with the debates surrounding music piracy, there are many different viewpoints on this issue. This article will analyze the reasons why people pirate music and illustrate the impacts on the music industry. In addition, he hopes to spread accurate knowledge about music piracy to the public. Negative effects According to the RIAA, the industry faces losses of nearly $4.2 billion due to global music piracy. First, pirates are the first to suffer losses due to harsh crackdown by the recording industry and law enforcement. Second, consumers also lose their personal interests, because the costs of authorized music products will increase along with downloading music from the Internet with shortcut economies. Furthermore, piracy could negatively impact retailers who strongly support their products, whose prices have no competitive power with those of pirated music supplied by illegal sellers or free and illegal downloading..... . middle of paper..... Many retailers have closed their doors in areas other than Internet downloading. Many retailers cannot compete with the discounted prices or special deals that record labels give to large, established companies such as Best Buy, Walmart, Tower and Target. As a result, piracy in the music industry causes album sales to increase in the long run, access and visibility to music is depleted, and this positively influences independent and other lesser-known artists. Conclusion To summarize, piracy in the music industry has been happening for a long time since the 1920s, and can occur through production that can record and distribute music and through the Internet. It will destroy both the music industry and everything dependent on the music industry; however, it has also had a number of positive impacts on the music industry that have increased album sales and the popularity of artists and music companies..