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RIAA VS The Economy

Posted by TimSlavin at May 21, 2003

RIAA VS The Economy: "The news these days is plastered with stories of the untold billions of dollars the recording industry is losing to digital piracy. On a recent plane flight from coast-to-coast, after the main movie the airline showed a series of short films, including one about how digital pircay was wrecking the music industry. Hillary Rosen, the Recording Industry Association of America (RIAA) lobbyist frequently talks of the billions of dollars each year the industry is losing in the wake of the "plague" of digital piracy. Yet at the same time, this country is in one of the worst economic situations in decades. The states are facing budget deficits not seen since the end of World War II. The Dow Jones Industrial Average (DJIA) has dropped over twenty percent in the last two-and-a-half years; the NASDAQ has lost over seventy percent of its value, from a peak of around 5,000 to its current level in the neighborhood of 1,500. Is it even remotely possible that this could account for some percentage of the sales decline the RIAA members see?" Interesting data that undercuts the RIAA argument of losses in the billions. From an admittedly partisan source, Boycott-RIAA.com. Found through Slashdot.

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