Recording Industry and the Digital Age

accost\nIn this essay, several studies atomic number 18 examined that illustrate the economic mend of digital piracy on the medical specialty assiduity and the U.S. economy. to a fault examined are the changes made in copyright laws, as healthy as the enter patiences strategies designed to cope with this growing problem.\nThe first study, make for California Management canvass in 2010, shows steady industry growth throughout 1990s quickly eroded with Napsters rise in popularity in 1999. A second study, unblemished in 2009 for the International acquisition Review, backed up foregoing claims made by the put down industry in national Court that they account for a significant portion of the U.S. double-dyed(a) domestic Product. The study likewise shows a direct correlation between increases in shoot sharing and decreases in sales. The concluding study examined was completed in 2009 for Contemporary Economic Policy. It offers certainty that the recording industrys p artnerships with digital content providers, is having a positive effect on consumers willingness to pay for let out priced premium content. Further look into is required in sanctify to measure the impact these [and thus far to be] partnerships submit in decrease online piracy.\n\nKeywords: digital piracy, medication piracy, charge sharing, economic impact, U.S. Copyright truth\n\nCaptain Crook: wherefore the Recording Industry moldiness Adapt to the Digital be on\nAccording to the U.S. Department of Commerce, the pleasure Industry [as a whole] accounts for 6% of the United States Gross Domestic Product [GDP] (Bender & Wang, 2009). Since 1999, the RIAA [Recording Industry tie of America] has seen sales of recorded music drop from $14.6 billion in 1999, to $7 billion in 2011 (Scope of the Problem, n.d.).\n\nThe source of the recording industrys hammy losses since 1999, are the pervasive number of sites that offer empty uploaded music available for downloading and sharin g. These sites have crippled a music industry that many tangle had been...