Piracy of music compact discs held steady last year due to efforts by countries such as Mexico and Brazil to crack down on illegal sales and seize counterfeiting factories, an industry group said.

The global value of the pirate music market was $4.6 billion in 2004 compared with $4.5 billion a year earlier, the International Federation of the Phonographic Industry said in an e-mailed statement today. The number of pirated CDs increased 2 percent last year, the smallest increase in five years, to 1.2 billion CDs, said the industry group, which represents such companies as EMI Group Plc and Warner Music Group Corp. [more @ www.bloomberg.com]

Posted Tuesday, June 28th, 2005 at 8:35 pm
Filed Under Category: Music Business
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