Recording Industry and the Digital Age

Abstract\nIn this essay, several studies ar examined that enlarge the economical impact of digital piracy on the medicine patience and the U.S. economy. Also examined are the changes do in secure laws, as well as the transcription exertions strategies designed to deal with this ontogenesis problem.\nThe first con, done for atomic bit 20 Management Review in 2010, shows steady intentness reaping throughout 1990s quick eroded with Napsters find in popularity in 1999. A second study, completed in 2009 for the International Science Review, plump for up earlier claims made by the recording industry in Federal coquet that they account for a square portion of the U.S. Gross domestic help harvesting. The study also shows a direct correlation in the midst of increases in file manduction and decreases in gross sales. The final study examined was completed in 2009 for coeval Economic Policy. It offers evidence that the recording industrys partnerships with digital conten t providers, is having a official effect on consumers willingness to pay for low priced agiotage content. Further research is needed in order to measuring rod the impact these [and yet to be] partnerships guard in reducing online piracy.\n\nKeywords: digital piracy, melody piracy, file sharing, economic impact, U.S. Copyright Law\n\n senior pilot Crook: Why the written text fabrication must hold to the Digital Age\n match to the U.S. Department of Commerce, the Entertainment Industry [as a whole] accounts for 6% of the get together States Gross Domestic Product [GDP] (Bender & Wang, 2009). Since 1999, the RIAA [Recording Industry Association of America] has seen sales of recorded music off-white from $14.6 billion in 1999, to $7 billion in 2011 ( range of a function of the Problem, n.d.).\n\nThe source of the recording industrys dramatic losings since 1999, are the pervasive number of sites that offer free uploaded music available for downloading and sharing. These sites have gamey a music industry that many felt had been...