Easier Streaming Services Put Dent in Illegal Downloading (bbc.com)
Music piracy is falling out of favour as streaming services become more widespread, new figures show. From a report: One in 10 people in the UK use illegal downloads, down from 18% in 2013, according to YouGov's Music Report. The trend looks set to continue -- with 22% of those who get their music illegitimately saying they do not expect to be doing so in five years. "It is now easier to stream music than to pirate it," said one survey participant. Another respondent said: "Spotify has everything from new releases to old songs, it filled the vacuum, there was no longer a need for using unverified sources."
I think this is highly controversial. Sure, there's one school of thought that says if customers wave their money in your face, you should take it. But there's another that says at the first sight of a customer's money, you should angrily shout "get away, you piece of shit!" and then and spit in their direction, in order to maximize profits. This latter point of view is very popular and especially in the entertainment industry, but I think it doesn't get explained well enough in economics classes. Our society needs to do better.
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