A recent study says that the bulk of revenue declines by the recording industry have been self-induced: fewer albums are being produced and sold.
Contrary to claims made by the Recording Industry Association of America (RIAA), which has launched a campaign of lawsuits against peer-to-peer (P2P) network users and blamed them for plunging sales , unlicensed downloading and Internet file-sharing of copyrighted music has no effect on CD sales, according to researchers at Harvard Business School and the University of North Carolina, Chapel Hill.
The researchers said that although more than 60 million Americans over age 12 have downloaded music and there are more than a billion downloads each week, the popular online activity is not the music-industry scourge the record companies contend it is.
Read more at E-Commerce Times.
