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Piracy Only Cause of Music Sales Slump (#865)
Posted: 1/6/2003; 3:32 PM by Terry Frazier
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I am continually amazed, though not surprised, that the music industry considers itself immune to the global economic slowdown and attributes it's entire sales slump to piracy. It must be nice to have such a quick, simple, and handy explanation to cover the entire gamut of your real problems.

No other industry in the world has such a ready scapegoat for its performance slump, and most are suffering far more than the music industry. It's sad the media is so useless in pointing out the basic reality of sales declines across all industries.

ARTS NOTEBOOK Music industry blames piracy for sales drop. globetechnology.com Jan 6 2003 12:02PM ET

[...] Hilary Rosen, chairman and chief executive officer of the Recording Industry Association of America, blamed the decline mainly on illegal downloading of music off the Internet.

"There's no question that the availability of free music on the Internet is not having the stimulative effect that the proponents of this piracy suggest," she said Friday. Citing RIAA surveys, she added: "Our younger buyers are telling us they are buying significantly less albums because they're finding what they want for free on the Internet." [...] [Moreover - IP and patents news]

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