Essay On Internet Piracy

Essay On Internet Piracy-12
26-April-1998 Since the birth of the World Wide Web, bandwidth has been a concern. Service is excellent and forms various forms of communication all help with customer service.

26-April-1998 Since the birth of the World Wide Web, bandwidth has been a concern.

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At the top of the chain sit a tiny handful of media giants: Time Warner, Disney, Rupert Murdoch’s News Corporation, Bertelsmann of Germany, Viacom (formerly CBS) and General Electric. All are listed in Fortune Magazine’s “Global 500” largest corporations in the world.

They have integrated both horizontally (owning lots of record labels, lots of newspapers, and radio stations) and vertically (controlling newspapers, magazines, book publishing houses, and movie and TV production studios, as well as print distribution systems, cable and broadcast TV networks, radio stations, telephone lines, satellite systems, web portals, billboards, and more).” In contemporary world there are very few recording projects that actually require use of the Cutting-edge technology studios.

In our days it is becoming more and more difficult for the music industry to ignore the basic economics, technology progress and the outdated legal structures of the industry such as unenforceable property rights (because it is impossible to sue everyone) and “zero” production costs (Peer-to-Peer and file sharing systems became way too popular).

All the big labels such as SONY BMG, Warner and others have now given up on DRM ) Music Companies still trying to charge for their music, but it’s becoming more and more clear that as long as there is a free alternative (Peer-to peer and other file sharing systems), the price of music and other media will have to fall.

That is in fact so convenient that it is becoming only the question of conscience whether it is a problem or an opportunity to become pirate.

Realizing the problem of piracy Sony tried innovative approach to earn money on digital music, In 2000 Sony launched online music store “the Store” where the price for a track was .50 that turned off many early adopters of the service moreover, users were actually only renting the tracks for that .50 and after a certain point the files expired and could not be played again without repurchase, which was not a successful attempt and service failed quickly. run i Tunes Store, with tremendous success with the Ipod sales which no doubts influences Music industry and the policy of digital music distribution.

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In the future, the only way musicians will make money is by playing live.


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