Back in the news this week is the infamous filesharing service Limewire. With the stakes up to 13 different record companies currently suing the company, their debt is now said to be between $400 billion to $75 trillion. However, the judge had something else to say on the matter. “As defendants note, plaintiffs are suggesting an award that is ‘more money than the entire music recording industry has made since Edison’s invention of the phonograph in 1877’,” she wrote. Is it really an absurd number to suggest? What do you think?
And since it’s demise, several groups have looked in to the decline of piracy of music. The research group NPD says that internet piracy is on the decline. Apparently the percentage of US internet users that use file-sharing services to download music has decreased from 16% to 9% from the end of 2006 to the fourth quarter of 2010. The NPD also found that the average number of music files downloaded from P2P networks also dropped from 35 tracks per person to 18 tracks. At the end of the day to people really know where else to steal music from other than Limewire? Or have our friendly music pirates finally learned the exact definition of “illegal”?
The NPD data is based off of a January 2011 survey of 5,549 US Internet users ages 13 and older.