Poster
07-22-2004, 10:37 AM
According to the International Federation for the Phonographic Industry (IFPI), global CD piracy cost the industry an estimated $4.5 billion last year, accounting for 15% of the industry’s total worth. The IFPI believes that one in three CD’s sold on the global market is pirated, thus resulting in the $32 billion slump in record sales over the past 4 years. The IFPI represents a number of companies and agencies from around the world including EMI, Universal Music, Warner Music and the soon-to-merge Sony Music and BMG.
“The IFPI named its top ten offending countries in its annual report, including G8 member Russia and Spain, the only European Union entry on the list. Other perennial hot spots on this year's list were Brazil, China, Taiwan, Ukraine, Thailand, Mexico, Paraguay, and first-time entry Pakistan, which replaced Poland.”
"’In several of the music industry's very largest markets -- countries with low rates of (Internet) broadband penetration such as Brazil, Mexico and Russia -- piracy of physical discs still dwarfs its Internet equivalent,’ said IFPI chairman Jay Berman in the annual report.”
For more information see: http://www.reuters.co.uk/newsArticle.jhtml?type=technologyNews&storyID=5742257§ion=news
“The IFPI named its top ten offending countries in its annual report, including G8 member Russia and Spain, the only European Union entry on the list. Other perennial hot spots on this year's list were Brazil, China, Taiwan, Ukraine, Thailand, Mexico, Paraguay, and first-time entry Pakistan, which replaced Poland.”
"’In several of the music industry's very largest markets -- countries with low rates of (Internet) broadband penetration such as Brazil, Mexico and Russia -- piracy of physical discs still dwarfs its Internet equivalent,’ said IFPI chairman Jay Berman in the annual report.”
For more information see: http://www.reuters.co.uk/newsArticle.jhtml?type=technologyNews&storyID=5742257§ion=news