Wednesday, March 14, 2007

P2P Downloads Live On Long After Grokster Case

P2P Downloads Live On Long After Grokster Case
Brian Deagon | Investor's Business Daily, Inc.
publication date: 12 March,2007
"Even as the entertainment industry racks up wins in the courts and Congress, efforts to stop Internet users from swapping movies, music and other copyrighted content has proven far more difficult.

On an average day, about 9.3 million people worldwide log onto a software file-sharing services, up from 7 million in 2004, according to research firm Big Champagne, which tracks Internet usage. About a billions songs are traded illegally online per month.

Music sales have fallen 17% from its peak in 2000 of $12.7 billion, a trend the Recording Industry Association of America blames on illegal file swapping.

The Motion Picture Association of America says it lost $2.3 billion to Internet piracy in 2005."

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