Thursday, August 23, 2007

Music Industry Claims 12.5 BILLION dollars is lost due to piracy eavery year

Give me a break, Ars Technica has the whole story, here is just the highlight:

A new study from the Institute for Policy Innovation takes a different approach to quantifying the cost of music piracy. Instead of just focusing on what the lost sales cost the record labels, the new study measures the impact of piracy on the US economy. The total price tag? A cool $12.5 billion in lost output, if you trust the study's numbers.

I've read the whole article, and I agree with most of the conclusings: The study is flawed, the numbers don't add up, the music industry is on it's heels and is trying to blame poor pirates like me.

Hey, Newsflash: I never bought CD's when I was younger, I only started downloading recently, and I still don't buy CDs. If I didn't have a computer full of pirated songs I would most likely be listening to the radio.

Oh wait, I still do listen to the radio :D

My conclusion: The numbers are BS.

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