RE: Why I don't steal music anymore

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Why I don't steal music anymore

in music •  6 years ago 

very nicely put. I remember a story about how Trent Reznor (spelling?) got tired of his label and just decided to release his music online for free and put a "donate" button there. he actually made more money by doing it this way since the record label routinely takes 80% of the profits. I am making up these stats but the story is true.

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According to this study with non-existent piracy economy is worse off:

A moderate level of piracy can have a positive impact on the bottom line for both manufacturer and retailer
Because piracy can affect pricing power of manufacturer and retailer, it injects "shadow" competition into a monopolistic market.

Source