We’ve heard it for a decade now. “We’re losing more than half of our music sales thanks to digital piracy,” says the music industrial complex. The problem is that the music industry has freaked itself out so continually over hyped-up numbers attributed to music piracy that it can’t tell the facts from the reality anymore. The truth of the matter is that while music piracy was a real live problem at one point in the past, today it’s just a distant memory.
Don’t believe me? Let me give you a couple of data points:
- A study released earlier this month by networking company Sandvine on Internet traffic trends found that peer to peer traffic is now below 10%, down from 31% five years ago and 60% eleven years ago. Less P2P traffic equals less piracy according to a report from Envisional.
- Meanwhile, a combination of Netflix and YouTube now account for more than 51% of all Internet traffic in North America. YouTube is now the go-to platform for consuming music for US teens according to Nielsen’s annual Music 360 report, with more than 64% of teens consuming their music that way.
Here’s the bottom line - people don’t pirate songs anymore because they don’t need to. They can get whatever they want for free online via YouTube or a streaming service like Spotify.
After all, what’s the point of clogging up your hard drive with songs that you rarely listen to when you can have access to literally millions more any time and any place you want, and a lot more conveniently too? And why try to steal a song from a Torrent when you’re not sure if what you’re downloading is the original song or if it’s encrypted, corrupted or spoofed? You can waste a lot of time just trying to find a usable song to listen to. Who needs that? Read more on Forbes.
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