Digital Music Piracy: The Consequences Of Music In The Music Industry

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I remember at an early age receiving my first cassette tape, which happened to be a gift from my mother. This tape contained the album “Surfin’ Safari” by The Beach Boys and was a life-long favorite of my mothers. I would play this tape over and over again, singing along with the band and dancing around to the sounds of the guitar. This was the earliest memory I have where I can clearly recall when my obsession with music began. From this early point, I began diverging into many different genres of music and gained the desire to begin researching all of the artists I came across. There was always a personal connection between the music I loved and the inspiration I received through the artists creating these wonderful compositions.
During
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The newly passed Digital Millennium Copyright Act would shut down Napster, which would be the first significant strike to digital piracy by the music industry. The Digital Millennium Copyright Act was introduced in 1998 and is a federal law designed to protect copyright holders from online theft. This includes the unlawful reproduction or distribution of their works. With the shut down of Napster, users began to flee the once popular service and discover new websites hosting illegal peer-to-peer file sharing. The music industry federation estimates that 95% of music downloads are pirated (Pfanner, 2009). Digital music piracy has become a significant problem that threatens the future of the music industry. The high rate of music pirated has caused over $25.5 billion in economic losses and has caused over 71,060 jobs to be lost within the music industry each year (BSA Piracy Study, 2010). In the United States, copyright laws and intellectual property protect digital media. The illegal copying and distribution of copyrighted materials over the Internet was made a felony offense by The No Electronic Theft Act (Im and Koen,

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