RIAA: We're losing out to Web pirates



Also on ZDNet an article about the RIAA complaining about profit losses in the recording industry caused by filesharing networks.

Again a lot of blahblah and nowhere is mentioned that the current pricing of music is maybe a little too high.

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The study she cited also found that 50 percent of the respondents who have downloaded music for free have made copies of it. Just two years ago, only 13 percent copied it onto a portable device or a CD burner. Additionally, the study showed that ownership of CD burners has nearly tripled since 1999: In 2001, 40 percent of music consumers owned a CD burner compared with 14 percent who owned one in 1999.

Millions of fans fell out of the habit of paying for music with the emergence of services, such as Napster, that allowed them to swap music files online for free. Even though Napster has been hobbled by legal action, plenty of powerful successors such as Morpheus, Kazaa and Grokster have filled the void. The music industry's own belated attempts to give fans access to digital music, Pressplay and MusicNet, are not nearly as user-friendly as the other services.

With sales sliding, the record labels are also buffeted by soaring marketing costs, waning interest in the teen pop phenomenon that has underpinned the industry in recent years, and a perceived lack of new star power.

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If I was them I would go ask mr Bush to raid all houses of the United States and bust everyone with a pirated MP3 files on his HD, that would make those naughty pirated stop !

Source: ZDnet.com

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