Music piracy remains a huge USD4.5 billion (EUR3.7 billion) illegal business driven by organised crime, government apathy, and corruption, according to new research.

The International Federation of the Phonographic Industry (IFPI) also found that a record 35 percent of all music discs sold worldwide are illegal copies, global sales of pirate music have hit another record at 1.1 billion discs annually, but the fake CD trade is spreading more slowly than in recent years because of stepped up enforcement efforts. [more @ www.enn.ie]

Posted Tuesday, July 27th, 2004 at 8:36 pm
Filed Under Category: Music Business
Both comments and pings are currently closed.

0

Comments are closed.