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Latest Music Piracy Study Overstates Effect of P2P
Blackbeard writes "A new study from pro-business think tank Institute for Policy Innovation claims that music piracy accounts for $12.5 billion in lost output to the US economy. That includes 71,060 lost jobs and $422 million in lost tax revenues... if the figures are accurate. Ars Technica's write-up points out a number of flaws in the IPI's reasoning. 'The study makes for some alarming reading, but it suffers from a few significant flaws. First and foremost, it appears to fall into the "illicit downloads = lost sales" fallacy, the view that each song obtained over a P2P network is a lost purchase.' There's more: 'The IPI study also assesses the increased demand for music if piracy didn't exist and assumes the market would remain as "intensely competitive" as it is today. The problem is that music fans are largely disenchanted with the market. By and large, music fans think that music is too expensive, and that much of what is available isn't very good.'"
By and large, music fans think that music is too expensive, and that much of what is available isn't very good.
You're damn right. I wouldn't even waste my bandwidth on the vast majority of shit that the record companies are pumping out. But, what am I saying? I'm sure Linday Lohan's next album would sell millions of copies if it weren't for piracy.
Duh, of course not. No one is that stupid.
You obviously didn't read the article. Because the article explicitly quotes: What the IPI is actually saying that high-school kids with a maximum $2K-$3K a year income (which equals a $50 a week allowance) who accumulate 1.5 million dollars worth of music downloads are measured at a rate of 65.7 percent... or more specifically nine hundred and eighty five thousand five hundred dollars of spending each.
Don't go making up silly fictional figures claiming "the IPI consider that 1.5 million dollars worth of lost sales".
Silly rabbit.
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- - You can't take something off the Internet! That's like trying to take pee out of a swimming pool.
>"web20"
Dang. I must have been asleep. When did we go past version 2?
>some kid in the Midwest who can stand on his head and spit wooden nickels.
Youtube linky please?
You can't talk about Wikipedia's flaws on Wikipedia
More like Puff Daddy will have to somehow "get by" with only 13 Bentleys instead of 14.
that does not mean i am on the side of RIAA or something, but thats just the point. I been looking for a new ride, If I could get on off Pirate Bay I would down load it in a heartbeat.
Sorry about the writing. Robot fingers, you know? Cliff Steele in DOOM PATROL #23
The study's model is not only theoretically accurate, but also predictive.
Think of it this way: If every consumer product in the world suddenly lowered their cost to $0.00, I don't see people changing their purchasing patterns in any way. That Lamborghini is suddenly free? No thanks, I'll stick with my Toyota. Console games suddenly cost nothing? I'll continue to buy 1 every other month. I don't really have time to play more than that anyways.
So you see, the study's assumptions are 100% accurate.
Brilliant! We can convert CDs to oil and use them to solve the west's dependence on middle-eastern oil! The record industry profits, we avoid oil-related military misadventures abroad, and we don't have to listen to the crappy CDs anymore...