IFPI: Music piracy is 95% of all digital music

IFPI issued a new report, with an emphasis on digital music and piracy.

Intro to the report (IFPI web site).

The music industry has transformed its business models, offering consumers an increasing range of new services with leading technology partners. Yet generating value in an environment where 95 per cent of music downloads are illegal and unpaid for is still the biggest challenge for music companies and their commercial partners.

The digital music business internationally saw a sixth year of expansion in 2008, growing by an estimated 25 per cent to US$3.7 billion in trade value. Digital platforms now account for around 20 per cent of recorded music sales, up from 15 per cent in 2007. Recorded music is at the forefront of the online and mobile revolution, generating more revenue in percentage terms through digital platforms than the newspaper (4%), magazine (1%) and film industries (4%) combined.

Here is the article I wrote regarding the news

Cheers!

why pay for downloads when it is not lossless ?

Thats plain BS. As a matter of fact, I started buying more CDs when I started getting chance to listen the songs before buying. I would certainly like to listen to the songs before buying them. My feeling is, always good to have audio cd of the music that you like most, otherwise crap is available on the internet anyways.

imo, if there would be no p2p then the stores wouldn’t sell 95% more music (CDs). 90% of the guys who download music via p2p wouldn’t buy the songs. simply because they are not worth the money.

I remember around 10 to 15 years ago when I was still in 2nd level school, students regularly swapped tapes and all the main electrical stores use to have a wide range of double-cassette recorders. Those who didn’t want to buy music use to tape it off the radio also.

I do agree on the quality of modern music. While there are a few good songs, there are no where near as many as in the 80s that you’ll still listen to again and again in a few years time. E.g. try browsing an online music radio library (e.g. shoutcast) and you’ll see plenty of 80’s music dedicated radio stations. However, try finding a few radio stations that plays the hits of 2000 to 2008. :stuck_out_tongue:

[QUOTE=Seán;2214570]I remember around 10 to 15 years ago when I was still in 2nd level school, students regularly swapped tapes and all the main electrical stores use to have a wide range of double-cassette recorders. Those who didn’t want to buy music use to tape it off the radio also.

I do agree on the quality of modern music. While there are a few good songs, there are no where near as many as in the 80s that you’ll still listen to again and again in a few years time. E.g. try browsing an online music radio library (e.g. shoutcast) and you’ll see plenty of 80’s music dedicated radio stations. However, try finding a few radio stations that plays the hits of 2000 to 2008. :p[/QUOTE]

the difference with trade tape (or CDRs) with friends is you only have a few friends, and not thousands of friend that might download a CD rip you have done. on a tracker site