This statistic was from the year 2000. I can't even imagine how much money they are currently losing from the piracy of physical music products. RIAA.com makes a great point when talking about physical piracy and where it mostly comes from. When I started to think about what would be the major class or group to most benefit from online piracy, it took me less than a second to get my answer. I looked at myself in the mirror. As RIAA.com says in "Piracy Online," college students are the best target to discover the major users of online file sharing. "Online music theft- particularly on college campuses and with hardcore frequent peer-to-peer users- remains a black mark on this exciting marketplace."
After I read all the articles and watched the movie for this week, I think my opinion on piracy and copyright is the same. I still don't support online piracy even though I have been a victim of illegal music sharing before. I still believe that the music industry will continue to suffer even though there are advantages for them too. Even though I do see benefits of artists form piracy, I still don't feel like it will benefit them that much to replace the losses that occurs in online piracy. However, if someone hears an artist for the first time on an online file sharing software and ends up loving them, then they will like to purchase other things that have to do with that particular artist such as concerts, events, and apparel. I stand with the RIAA on their effort to try and curb internet illegal downloading. When I used to download music, it severely impacted my computer such as giving it viruses and affecting the speed and pace of downloads and websites.
Also, the recent law suits that I have been hearing about on the Internet and the news has affected my decision on choosing now to download music illegally. I have switched over to Itunes and am a big fan of Apple in general. Many law suits and fines that I have heard of were insane. One school teacher only downloaded like 20-30 and was charged with illegal music downloading and sharing. Here is an interesting article on how the MPAA targets individuals who are victims of online piracy. Very interesting article! Check it out and let me know your reactions to it! http://www.pcmag.com/article2/0,2817,1853573,00.asp