For example, Bob Dylan’s album Modern Times quickly became the number one best seller when it was released in 2006, despite the fact that none of his tracks were highly requested on mainstream radio programs or popular with most younger listeners.
For most people, the most well-known case involving internet piracy and the music industry occurred in the year 2000 when a group of major recording companies took peer-to-peer file sharing service Napster to court for facilitating copyright infringement.
Eventually, the industry learned to adapt to how users were harnessing online resources to pirate music and began using very similar techniques to market their products legally.
One of the most telling examples of the profound influence that internet piracy has had on the music industry is the sale of retail CDs.
Brandwire Newsletters Alerts E-Paper E-Learning ET Alexa Skills ET intelligence Zigwheels Mobile ET Android App ET i Phone App ET i Pad App ET Wealth for i Pad ET Blackberry App ET Nokia App ET Markets Android App ET Markets i Phone App Piracy refers to the unauthorized duplication of copyrighted content that is then sold at substantially lower prices in the 'grey' market.
The ease of access to technology has meant that over the years, piracy has become more rampant.Music companies' revenues hit hard by the deluge of pirated compact discs and cassettes, as these are available at substantially lower prices compared to that at stores.DVD/VCD piracy of Indian films happens in the international markets.For example, CD writers are available off the shelf at very low prices, making music piracy a simple affair. Internationally, the laws for punishing piracy in developed countries are stringent and punitive in nature.In Asian countries and more in India too, it does not get the attention at the national level due to more engaging issues at hand.However, the industry, especially the IT and music industry, has been taking active interest in stemming the rot.These organizations identify sources of music piracy and then conduct raids with the help of the police.Piracy is a rare phenomenon in satellite channels because these are organised and generally do not show films without buying proper rights.Music piracy refers to the unauthorised replication of music cassettes that flood the market as soon as the launch of a new release.For better or worse, peer-to-peer file sharing has completely revolutionized how people discover and consume music during the course of the last fifteen years.Piracy played an important role in how music was distributed through the black market throughout the latter half of the 20th century.