Print 45 comment(s) - last by Cuddlez.. on Jun 24 at 5:24 PM

Billions of dollars in revenue estimated to be lost

The U.S. has the lowest piracy rate in the world, but globally nearly $50.1 billion dollars has been lost to piracy.  As  illegal downloads become a growing problem worldwide,  individual countries may determine that they do not share the same issues and concerns.  

In the U.S. producers of the movie, "The Hurt Locker” are tackling the issue of piracy by suing filesharers who downloaded torrent versions of the movie. India is taking steps to fight the U.S. ACTA Piracy pact on what they believe to be stringent restrictions, while Spain is finding that it has to get tougher in its efforts to combat piracy.

A new report published June 1 from IDC Research Iberia claims that over 95 percent of music in Spain is pirated. The report indicates that the country lost $6.3 billion in the second half of 2009.  It is estimated that the country lost about $12 billion dollars for the entire year.

The study was commissioned by the Coalition of Creators and Content Industries and targeted music, film, video game, and book distribution. The final results indicated that 95.6 percent of music obtained online in the country was pirated. Pirated films were estimated at 83.7 percent while video games came in at 52.3 percent.

Nearly 6,000 internet users in Spain were surveyed for the study.

"The real figures are even worse," says Coalition president Aldo Olcese, who believes that internet users under the age of 16, presumed to be the most frequent illegal downloaders, were not included in the study.

Anti-piracy legislation, called the Sustainable Economy Law, is expected to be rolled out after the summer in Spain.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: um what?
By kmmatney on 6/4/2010 7:35:09 PM , Rating: 2
Maybe a few companies (the huge ones) are making more, but overall, sales are way down. The top music albums are not selling anywhere near what they used to, and there aren't any record stores left in the U.S.

As an example, in 1999 the BackStreet boys sold 13,000,000 albums in the U.S., and there were several albums that sold well into the millions (Ricky Martin, N'Sync, Brittney, etc...). Blink-182 had something like 6M albums sales in the U.S. that year, and they were #45 on the U.S. sales chart!

In 2009, the top selling Album was Taylor Swift with 6,000,000 copies in the U.S. (including digital downloads), and that was about it.

So there is a pretty huge difference between album sales from 1999 to 2009. Anyway you look at it, they are selling about half the number of albums that they used to. And you can't really blame it on crappy music being released these days - it was just as crappy back in 1999 (BackStreet Boys, N Sync, Brittney, Ricky Martin, etc...)

I do think that the music industry got too greedy, and started charging way too much, giving people more incentive to pirate.

"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone

Most Popular Articles5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
No More Turtlenecks - Try Snakables
September 19, 2016, 7:44 AM
ADHD Diagnosis and Treatment in Children: Problem or Paranoia?
September 19, 2016, 5:30 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Automaker Porsche may expand range of Panamera Coupe design.
September 18, 2016, 11:00 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki