Record companies wage war on rapidly rising piracy

Record companies are still trying to fight piracy the way they will never succeed. They are still trying to go after the pirates and do not think about the source of the problem: high prices of audio and data CD’s. As long these prices are above the price a normal human is willing to pay for them, piracy will be big.

According to a report on Tuesday by the International Federation of the Phonographic Industry (IFPI), music piracy is on the rise and was worth $4.2 billion in 2000. One in three of all cassettes or CDs sold each year are illegally produced.

“Piracy is rising alarmingly in our established markets, and the two main reasons are the proliferation of new, cheap technologies for illegal commercial copying and inadequate enforcement by governments,” IFPI Chairman and CEO Jay Berman told a press conference.

The London-based IFPI represents the interest of more than 1,400 record producers and distributors in 76 countries. It aims to fight music piracy and to lobby for fair market access and good copyright laws.

Record companies say the scam has shrunk the industry and will lead to less money being spent developing new artists.

“The record companies will reduce their rosters…(piracy) is drying up the investment pool for new music. I have not heard of any new bands being produced by pirates,” Berman said.