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Online Music Trading

Opposing Viewpoints
by

Erica Harreveld

on 29 November 2011

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Transcript of Online Music Trading

S.W.O.T. ONLINE MUSIC SHARING
Introduction CON FiLE SHARING Negative Effects on the Music Industry PRO FILE SHARING ERICA HARREVELD As illegal online music downloads increase, so do CD sales.
Samplers, another term for illegal downloaders, tend to illegally obtain just a couple songs from a CD, and if they like it, they legally purchase the whole album, thus "sampling." "Our research shows that only 45 percent of music files downloaded in the United States come from computers in the U.S. More than 100 countries supply files to the U.S. file-sharing community, and many of these countries do not have strong records of protecting copyrighted materials. The RIAA does not stand a chance to implement an effective legal strategy in all these countries."
Essencially, the stratagies in other countries has been if you can't beat them, join them. Instead of shutting down these sites, the music industry has started to appeal to the samplers by having their albums previewed on their websites for free, hoping they will like it and then purchase it legally.
MUSIC TRADING ENHANCES THE FUTURE OF MUSIC Conclusion THREATENS THE FUTURE OF MUSIC "Contrary to the alarming claims of the music industry, illegal peer-to-peer (P2P) file-sharing can actually boost compact disc (CD) sales. For example, research shows that a major segment of file-sharers, or "samplers," usually purchase an album on CD after downloading a few songs. It also demonstrates that P2P promotes albums as radio stations do: file-sharers typically download chart hits. It is recommended that music companies and record labels monitor P2P—instead of discouraging it—to devise new, effective promotional and marketing strategies."
According to Sean Silverthorne, the editor of HBS Working Knowledge, the publication for Harvard Business School.


"The unauthorized sharing of MP3s and other copyrighted digital music files is piracy. It amounts to stealing music and copyright infringement. This includes uploading and downloading copyrighted music through peer-to-peer (P2P) services, making and giving away copies of albums on compact disc (CD), and even e-mailing MP3s to your friends without the permission of the copyright holders. Because of the serious nature of these crimes, those who engage in illegal file-sharing and are found guilty may face huge fines and possible time in prison. Technology today may make it easy—and tempting—to share and get music for free, but it is illegal and harms the music industry."
According to the Recording Industry Association of America (RIAA), the trade group that represents the U.S. recording industry.

The Internet and other new electronic communications media have transformed the way people obtain and listen to recorded music. The fact that individuals can easily and cheaply download music files onto computers, MP3 players, and other devices has cut earnings for the recording industry, causing massive layoffs and restructuring of companies. Artists, too, face challenges as revenues from recordings drop. Although some in the industry view online music trading as a negative development, others see various benefits to distributing music through the Internet.

In online music trading, people share audio files that they have stored on computers or other devices, making them available to others. File sharing is not illegal unless it violates copyright laws. The recording industry has brought numerous lawsuits against online services and individuals for illegally sharing music files, but has also recognized that file sharing will continue and has entered agreements with services that provide legal access to digital music files.
Although not seen while downloading music, the FBI Anti-Piracy Warning does apply to music trading. If you know not to do it with movies, why would you do it with music? When initially introduced, file sharing websites took a toll on the music industry's overall profits.
Many music groups and labels have been forced to go to court in order to defend their right to their profits, which has left a bad taste in most artist's mouths with file sharing websites.
Although presently file sharing is not affecting the music industry, many executives fear that as technology develops it will be even easier to access these music files, and CD sales will drop exponentially. Even though the effects of file sharing on the internet have proved to not have greatly affected, many music sharing websites have been shut down due to copyright infringement and downloading this music is illegal. Works Cited "General Logon Page." Gale Error Page. Web. 28 Nov. 2011. <http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?displayGroupName=Viewpoints>.
"General Logon Page." Gale Error Page. Web. 28 Nov. 2011. Opposing Viewpoints. "The Future of the Music Industry is Threatened."
"General Logon Page." Gale Error Page. Web. 28 Nov. 2011. Opposing Viewpoints. "File Sharing Helps the Future of the Music Industry."
"General Logon Page." Gale Error Page. Web. 28 Nov. 2011. Opposing Viewpoints. "Artist's Opinion on Muisc Sharing Websites."
"General Logon Page." Gale Error Page. Web. 28 Nov. 2011. Opposing Viewpoints. "Statistics on FIile Sharing."
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