The correlation between Music Piracy and Social MediaBY JESSE CRUM
The Problem With Music Piracy
“One credible study by the Institute for Policy Innovation pegs the ANNUAL harm at $12.5 billion dollars in losses to the U.S. economy as well as more than 70,000 lost jobs and $2 billion in lost wages to American workers.”
The American Federation of Artists claims that on-line music piracy has caused some record store sales to drop by 20% and that 20.6 billion illegal downloads occur every month
In the U.S. alone, 20 million people still get music through peer-to-peer file-sharing networks, according to research firm MusicWatch.
Last year, total music industry revenue was about $15 billion worldwide, well below the 1999 peak of $38 billion
Many experts believe that music piracy is currently the number one threat to the music industry.
Social Medias Impact On Music Piracy
Mobile applications have become the most widely-used source of free music downloads.
Approximately 27 million people in the U.S. have used mobile apps to get one song or more in the past year.
Music piracy is strictly a moral issue
Streaming services has solved the music piracy epidemic
Music piracy does not affect our company
It does not directly affect our favorite bands and musicians
Is There a Solution?
Social Media is the number one distributer of pirated music in 2017. While there isn't one great solution to end music piracy, we can work on reducing the numbers of files shared on social media.
Work on implementing programs that detect illegal content on social media and automatically reports and deletes it.
Work with musicians, bands, and music companies to encourage more legal sharing and distributing within social media.
You have the best platform in the world to spread awareness and help reduce the negative impact on those involved in the music industry worldwide.
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"Music Piracy Is down but Still Very Much in Play." Los Angeles Times. Los Angeles Times, n.d. Web. 25 Apr. 2017.
"What Music Piracy Really Looks Like." Digital Music News. N.p., 18 Apr. 2017. Web. 25 Apr. 2017.