Streaming Services Proved ProfitableAdded: Friday, June 21st, 2013
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.com, 2013
Staffan Albinsson has signed a doctoral thesis which claims that Internet piracy is bad for the entertainment industry. However, the worldwide web comes to the rescue in other forms, such as music streaming services – those proved a great and valuable source of revenues.
Albinsson’s findings start by reviewing the first major lawsuit of its kind – Metallica against Napster. Everybody knows the result of that epic battle, but there was something else, quite interesting: after the great fall of Napster and other file-sharing services, time for legitimacy came, and various services – for example, iTunes – made the first move by legitimizing online downloads.
Two years ago, the income from music streaming rose by 70% compared with the year before. As for today, music downloads are resulting in more income than CD sales. Albinsson’s study mentioned Swedish statistics which covered the last three decades and confirmed that digital piracy had indeed taken its toll on the music industry’s revenues. Anyway, the same period of time also saw an increase in revenues from live performances, radio broadcasts and TV. Moreover, since 2010 music streaming services, including Spotify and Pandora, had also contributed to the earnings of music creators.
This is an easy scheme of mutual contribution: the consumer is allowed to access a lot of content without violating the law, while the copyright owners are getting paid. This means that there’s no need for a discussion until next time new technology is introduced. The researcher admits that various forms of IP rights have different qualitative implications. Hopefully, the industry and everyone who is concerned about Internet piracy will consider the qualitative implications of IP laws.
June 21st,2013Posted by:
Friday, June 21st, 2013
|posted by (2013-06-22 23:17:58)|
|Well it had too be profitable some where down the line its the law of physics so its not all bad thanks SaM||
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