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Cost of Free of charge Music Downloading Essay

Assignment id 1003024
Discipline Self Improvement
Assignment type Essay
Words 1075
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In 1999, Napster hit the picture with a peer-to-peer document sharing application that transformed the global world. Within a full year, millions of individuals were trading songs from a straightforward download. It didn't consider miss Metallica to sue Napster and also to ban users from gain access to. Napster was pressured to turn off in 2001 (Mason). This opened up the hinged door; in the next couple of years, P2P networks and file sharing around the world grew exponentially. The torrent sites and protocol like the Pirate Bay, Torrent Reactor and TorrentSpy became extremely popular. This created a problem as the financial loss from file sharing escalated to vast amounts of dollars. "In the 10 years since Napster emerged, music product sales in the U.S. have got dropped 47 percent, from $14.6 billion to $7.7 billion. From 2004 through 2009 alone, around 30 billion songs had been illegally downloaded on file-sharing systems” ("Students"). Downloading music free of charge is very pricey to the music market; it violates worldwide and domestic laws; and you feel more susceptible to computer attacks. "Because of global and U.S.-based piracy of audio recordings, the U.S. overall economy loses $12.5 billion altogether output annually. Result includes income and related steps of financial functionality" (Siwek). Businesses that make, sell and advertise music are pressured to get into bankruptcy, lay off workers and increase prices of their items. “work losses, downsizing, quality control, artist advancement, and everything which has made music an effective industry in past times, has been suffering from the continuing lack of revenues” (Douglas). The performers are also feeling the result; they depend on revenues from CD sales and online purchases. Downloaders and P2P sites spend pretty hefty prices as well. Lawsu...

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