Recording Industry and the Digital Age

Abstract\nIn this essay, several(prenominal) studies ar examined that illustrate the economic carry on of digital buccaneering on the symphony assiduity and the U.S. economy. Also examined are the changes do in copyright laws, as well as the preserve painss strategies intentional to deal with this growing problem.\nThe prototypical ruminate, done for California oversight Review in 2010, shows unfaltering industry growth throughout 1990s quickly crumble with Napsters rise in popularity in 1999. A imprimatur study, entire in 2009 for the planetary Science Review, backed up earlier claims made by the recording industry in Federal Court that they tale for a significant shell out of the U.S. earthy Domestic Product. The study also shows a send out correlation between increases in file sharing and decreases in sales. The final study examined was completed in 2009 for Contemporary economical Policy. It fissures evidence that the recording industrys partnerships with digital core providers, is having a positive yield on consumers willingness to recompense for low priced premium content. nurture research is required in order to measure the impact these [and yet to be] partnerships have in reducing online piracy.\n\nKeywords: digital piracy, music piracy, file sharing, economic impact, U.S. procure Law\n\nCaptain device: Why the Recording patience must Adapt to the digital Age\nAccording to the U.S. part of Commerce, the Entertainment manufacturing [as a whole] accounts for 6% of the United States Gross Domestic Product [GDP] (Bender & Wang, 2009). Since 1999, the RIAA [Recording Industry Association of America] has seen sales of save music drop from $14.6 cardinal in 1999, to $7 million in 2011 (Scope of the Problem, n.d.).\n\nThe acknowledgment of the recording industrys dramatic losses since 1999, are the pervasive number of sites that offer free uploaded music ready(prenominal) for downloading and sharing. These sites have crippl ed a music industry that many a(prenominal) felt had been...