Recording Industry and the Digital Age

pluck\nIn this essay, several studies argon examined that illustrate the economic push of digital piracy on the medicine intentness and the U.S. economy. in any case examined are the changes made in copyright laws, as salutary as the put down manufacturings strategies designed to plenteousness with this growing problem.\nThe first study, do for California Management fol unkept 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 scientific discipline Review, backed up in the beginning claims made by the recording industry in federal official Court that they account for a significant portion of the U.S. sodding(a) domesticated Product. The study to a fault shows a direct correlational statistics between increases in bill sharing and decreases in sales. The utmost study examined was completed in 2009 for Contemporary Economic Policy. It offers exhibit t hat the recording industrys partnerships with digital content providers, is having a positive effect on consumers willingness to pay for low priced premium content. Further explore is required in pitch to measure the impact these [and still to be] partnerships hurl in trim online piracy.\n\nKeywords: digital piracy, medical specialty piracy, shoot sharing, economic impact, U.S. Copyright practice of law\n\nCaptain Crook: why the Recording Industry mustiness Adapt to the Digital succession\nAccording to the U.S. Department of Commerce, the entertainment Industry [as a whole] accounts for 6% of the United States Gross Domestic Product [GDP] (Bender & Wang, 2009). Since 1999, the RIAA [Recording Industry connecter 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 spectacular losses since 1999, are the pervasive number of sites that offer bare uploaded mu sic available for downloading and sharing. These sites have crippled a music industry that many tangle had been...