Recording Industry and the Digital Age

Abstract\nIn this essay, several studies argon examined that lucubrate the economical impact of digital piracy on the unison intentness and the U.S. economy. Also examined are the changes do in secure laws, as well as the save manufactures strategies designed to deal with this developing problem.\nThe first remove, done for atomic add 20 Management Review in 2010, shows steady fabrication harvesting throughout 1990s cursorily eroded with Napsters jumpstart in popularity in 1999. A second study, completed in 2009 for the International Science Review, okay up earlier claims made by the recording industry in Federal homage that they account for a world-shattering portion of the U.S. Gross domestic help convergence. The study also shows a direct correlation amidst increases in file communion and decreases in gross revenue. The final study examined was completed in 2009 for coetaneous Economic Policy. It offers evidence that the recording industrys partnerships wit h digital content providers, is having a substantiative effect on consumers willingness to pay for low priced aid content. Further research is unavoidable in order to nib the impact these [and yet to be] partnerships dumbfound in reducing online piracy.\n\nKeywords: digital piracy, music piracy, file sharing, economic impact, U.S. Copyright Law\n\n original Crook: Why the save attention must conform to the Digital Age\n match to the U.S. Department of Commerce, the Entertainment Industry [as a whole] accounts for 6% of the unify States Gross Domestic Product [GDP] (Bender & Wang, 2009). Since 1999, the RIAA [Recording Industry Association of America] has seen sales of recorded music capitulation from $14.6 billion in 1999, to $7 billion in 2011 ( telescope of the Problem, n.d.).\n\nThe source of the recording industrys dramatic losses since 1999, are the pervasive number of sites that offer free uploaded music available for downloading and sharing. These sites have gimpy a music industry that many felt had been...