MORE Indie Invaders / POSTED BY: KINGSOFAR

Mommy and Daddy were right when they told you “Nothing is for Free” — “Free” always comes with a price tag. In this case, its about 12.5 Billion…..

ipirate.jpg

According to a report released by IPI, rampant global piracy of recorded music has cost the U.S. $12.5 billion in economic output and 71,060 jobs annually.

The damaging result of music piracy:

— The U.S. economy loses $12.5 billion

— U.S. workers lose 71,060 jobs

— U.S. workers lose $2.7 billion in earnings, including $1.1 billion in earnings from workers in the sound recording industry or “downstream” retail industries, and $1.6 billion in earnings by workers in other U.S. industries; and

— The U.S. government loses at least $422 million in tax revenues, including $291 million in personal income tax and $131 million in lost corporate income and production taxes.

“Piracy harms not only the owners of intellectual property but also U.S. consumers and taxpayers,” says Stephen E. Siwek, author of the report and principal with Economists, Inc. “Moreover, the impact of music piracy appears to be intensifying.” (YAHOO)

Except for the music business, no other business in history has been seriously inflicted by criminal behavior…

Twitter
Facebook
Newsletter
Recent Posts
  • LOVA Shines With Playful Confidence on “Leave It Beautiful”
  • Nate Amor Breathes New Life Into “Walking in Memphis” With Soulful, Heartfelt Grace
  • Winter Abel Unveils “Babel” — A Haunting Dive Into the Shadows of the Soul
  • Estella Dawn Channels Raw Emotion on Bold New Single “Reckless”
  • Bad Bunny’s Super Bowl Halftime Show: Culture Clash or Cultural Progress?
  • Haley Grace Debuts With Heartfelt Single “Kiss Me Before You Go”
  • Braylin Bursts Onto the Scene With Debut Pop Single “Achoo”
  • Abbie Anne Unveils Emotional New Ballad Ladder Called Life
  • Alyssa Caroline drops new single “Fire To Ash”
  • Lauren Presley Channels Early Avril Lavigne on New Single “Trade Secrets
  • Komanii – Last Days of Summer EP
  • Natalie Shay Drops Uptempo Pop Single “Do u relate?”
  • Estella Dawn Stands Tall in New Single “I Like It Rough”
  • Angela Chambers Unleashes The Key, A Haunting Journey Through Toxic Love and Freedom
  • Carson Cruz Releases New Single “Private Fool”
  • “There Is Hope” Marks the New Release from Sassy Grace
  • New Artist Feanah Rose Releases First Single “Don’t Leave Me”
  • stella. Drops the new single “Heimlich”
  • Winter Andrews Releases “All That Glitters” Ahead of Debut Album ’til the moon fades away
  • Selina Gin Releases New Single Oh My Heart
  • Shelita Releases New Single Fade Ahead of Upcoming Album
  • Nick Howe Releases New Single Airplane Mode
  • Estella Dawn Reinvents “Skinny Love” with Cinematic Dark Pop Magic
  • Sisters Unveil Haunting Debut “Sweetness of Things”
  • Malachi Mize Brings Hope and Healing with Debut Single “Until Next Time”
  • Alanna A. Love Releases Debut Single “Running Away”
  • Jaya Kellogg Drops Addictive Debut Single “Background Noise”
  • SolyMar: gen.wav & KHR!S João Blend Latin Soul and Electro Vibes in Debut Collab Album
  • ZØYA Returns with Mid-Tempo Anthem of Strength and Self-Worth
  • Estella Dawn Drops First Original of the Year with “Move Down Lover”
  • Follow

    Home

         

    About

         

    Contact

         

    Daily Readership

    Copyright 2025 Kings of A&R     Website Design by PaleBird