According with the Institute of piracy innovation concluded that global piracy represents the great losses to the music industry and the IRS. An estimated $12.5 billion of global economic losses every year, 71,060 U.S. jobs lost, a loss of $2.7 billion in workers' earnings, and a loss of $422 million in tax revenues, $291 million in personal income tax and $131 million in lost corporate income and production taxes.
One aspect that makes tackling this issue even more complex is that piracy is not something that happens just within the United States, beyond national borders piracy in developing countries is illegal but barely enforced. It is even much harder to enforce non piracy on music something that is intangible and copying it is not perceived as a crime. In most developing countries the issue of music piracy is not even debatable and policy makers argue there more important issues they should focus on. On top of that law makers are not willing to give up popularity for enforcing a legislation the general public is going to repudiate.
What will happen with the music files once they are in procession of an individual, I mean there many electronic devices that music can be uploaded and what about if you decide to share your music file with a friend? Is that illegal as well?
I just think that it is important to highlight the indirect benefit that artists and their teams get from a free file sharing economy where their music is flowing everywhere with no barriers. Isn’t that what artists want?
I am no expert but I think, music is how artist make themselves known, letting music spread is how they become famous and thus they don’t necessarily make the big bucks from the sale of CDs or music online. Record labels and artists have other means to get advantage of their names trough presentations, shows, concerts, sponsors, media ads, etc.
In the United States music piracy is much more enforced. It is much harder to find pirate CDs in the street but there still many weak spots such as illegal download and upload of music.