Piracy is an increasing problem.

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Arthur Kanai

Economics, Period 3

Current Event

Summary

        Piracy is an increasing problem.  Every song ever made is on the net and free for download. Even movies before they’re released.  We all do it, we all download songs.  Music industry has started to feel the heat. 15% decline in cd sales in the last two years.  6 the first, and 9 the last.  400,000- 600,000 movie swaps a day.  If each movie is worth about 20 dollars, that’s about 8 million – 12 million dollars a day.  It’s not only music, but it’s movies, games, software, and television.

        People have started to get punished for piracy.  Last month, students at Princeton, Michigan, and Rensaeler we sued by record exsecutives.  They’re seeking 150,000 dollars per song shared.  Recently, a court has ordered Verizon to release the information of one of their costumers who has allegedly 600 songs.  It started with napster, now it’s things like kazaa.  These programs have definitely gotten smarter.  There is no central server to just shut them off anymore.  It’s great.

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Relation to economy.

        The effects of the increase in piracy has already been witnessed around the world. Asia is the hardest hit.  In China, 90% of the media sold is pirated.  The music industry has suffered a huge loss.  They are no longer promoting new up and coming artists because it’s not worth the money they will invest in endorsing the artist since 90% of the profits will go to piraters.  Much of our economy is based on the entertainment industry, as well as porn.  With programs such as Kazaa, we can dl any of those.  The same goes ...

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