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Music industry to loose because of CD piracy
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The music industry lost an estimated 165 million pounds during the last year because of CD piracy, according to the British Phonographic Industry.
The losses amounted to more than the combined legal sales of the top 13 albums in the country last year, namely James Blunt, Coldplay, Robbie Williams, Kaiser Chiefs, Gorillaz, Westlife, Now 62, KT Tunstall, Kelly Clarkson, Eminem, Faithless, Katie Melua and Killers, as Reuters notes.
The British Phonographic Industry recommended the police to make intellectual property crime more of a priority.
"Already the UK has a world-beating recording industry, but it will struggle to remain that way with its piracy problems worsening year on year," said BPI chairman Peter Jamieson.
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Publication date:
28 August 2006 / Hits: 110 / All news...
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