Thanks to the combined powers of music and the Internet, anywhere between 8 million and 9.5 million people around the world are logged on to peer-to-peer file-sharing networks at any given moment. At a conservative estimate, some 1 billion files are being swapped online between and among music lovers. Big Music claims this is directly responsible for declining sales. It also endlessly states that the multibillion dollar industry is being “devastated” by downloads and file sharing.
Another interesting and well written article by one of the most fair and level-headed journalists in tech today. Good stuff.
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Hollywood Should Work with File Sharers
Posted by: Jon Newton July 21, 2004 06:15 AMThanks to the combined powers of music and the Internet, anywhere between 8 million and 9.5 million people around the world are logged on to peer-to-peer file-sharing networks at any given moment. At a conservative estimate, some 1 billion files are being swapped online between and among music lovers. Big Music claims this is directly responsible for declining sales. It also endlessly states that the multibillion dollar industry is being “devastated” by downloads and file sharing.