Negative Effects Of Illegal Downloading On The Music Industry

629 Words 3 Pages
Register to read the introduction… One of the biggest issues today regarding the relation between record companies and all of their eager listeners is illegally downloading music from the Internet. Most people look past the many reasons one shouldn’t download their favorite tracks for free only because now days it’s made easy. However, they should be aware of the consequences that could come from something so simple. We should understand that taking the music for free, we are committing a crime and harming the music industry and limiting the future artists and their creativity. No matter what, when it comes down to it, downloading music without paying is stealing …show more content…
We are not only stealing profit from artists but also the record companies that have hundreds of people making a living from these albums. Just like you and me, these employees deserve payments for their hard work and long hours. The artists spend the majority of their time writing and perfecting their songs just for consumers to steal it in a matter of 15 seconds easy. According to the RIAA (Record Industry Association of America) website, in the decade since peer-to-peer (p2p) file-sharing site Napster emerged in 1999; music sales in the U.S. have dropped 47 percent, from $14.6 billion to $7.7 billion. From 2004 through 2009 alone, approximately 30billion songs were illegally downloaded on file-sharing networks. Stats show, global music piracy causes $12.5 billion of economic losses every year, 71,060 U.S. jobs lost, a loss of $2.7 billion in workers' earnings, and a loss of $422 million in tax revenues, $291 million in personal income tax and $131 million in lost corporate income and production taxes. Can you imagine this coming from your own

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