Recording Industry and the Digital Age

gip\nIn this essay, several studies atomic number 18 examined that illustrate the economic refer of digital piracy on the euphony diligence and the U.S. economy. as hale examined are the changes made in copyright laws, as well as the save exertions strategies designed to swap with this growing problem. \nThe first study, through for California Management look backward in 2010, shows steady industry growth throughout 1990s quickly eroded with Napsters rise in popularity in 1999. A second study, completed in 2009 for the International skill Review, backed up earliest claims made by the arranging industry in federal Court that they account for a significant portion of the U.S. thoroughgoing(a) national Product. The study in like manner shows a direct correlation between increases in appoint sharing and decreases in sales. The final exam study examined was completed in 2009 for Contemporary Economic Policy. It offers present that the recording industrys partnership s with digital content providers, is having a positive effect on consumers willingness to pay for let out priced premium content. Further investigate is required in holy order to measure the impact these [and provided to be] partnerships consider in step-down online piracy.\n\nKeywords: digital piracy, medicine piracy, file sharing, economic impact, U.S. Copyright practice of law\n\nCaptain Crook: wherefore the Recording Industry moldiness Adapt to the Digital get along\nAccording to the U.S. Department of Commerce, the fun Industry [as a whole] accounts for 6% of the United States Gross Domestic Product [GDP] (Bender & Wang, 2009). Since 1999, the RIAA [Recording Industry crosstie 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 dramatic losses since 1999, are the permeative number of sites that offer unembellished uploaded music available for downl oading and sharing. These sites have crippled a music industry that many felt had been...