[ Tuesday ]
Maybe the Music's Just Lousy
(Reuters via Wired)
Researchers at two leading universities have issued a study countering the music industry's central theme in its war on digital piracy, saying file sharing has little impact on CD sales.
"We find that file sharing has only had a limited effect on record sales," Felix Oberholzer-Gee of Harvard Business School and Koleman Strumpf of University of North Carolina-Chapel Hill said in their report. "The economic effect is also small. Even in the most pessimistic specification, five thousand downloads are needed to displace a single album sale."
The Recording Industry Association of America, the trade group representing the music industry, was quick to denounce the report's conclusions.
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MM [10:00]
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