Music Piracy Triggers Significant Losses, EU Study Shows

New research published by the European Union Intellectual Property Office shows that piracy hurts both digital and physical music sales. In EU countries the total losses are roughly 5% of yearly revenues, which equals €170 million. In addition, piracy also triggers secondary losses for governments and the public sector.For more than a decade researchers have been looking into the effects of online music piracy on the revenues of the record industry, with mixed results.Both positive or negative effects have been reported, often varying based on the type of artist, music genre and media, among other variables.
https://torrentfreak.com/music-piracy-triggers-significant-losses-eu-study-shows-160525/

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