When reviewing the articles again, I found what one music label did to be particularly interesting. In the article Cultures of Music Piracy, Ian Condy explains the “battle over online music in the US turned ugly in the summer of 2003 when the Recording Industry Association of America (RIAA) initiated lawsuits against its own consumers. The RIAA issued subpoenas to internet service providers demanding disclosure of the identities of computer users suspected of sharing copyrighted music files online”(p.343). I found this particularly interesting because after all the effort and lawyer fees RIAA dealt with, “thousands of music fans will face lawyer fees, possible court cases, and out-of-court settlements that are likely to cost thousands of dollars” (p.344). After everything the lawsuits we’re dropped.
I found alenasaric comments to be a great overview of the economic impact. The piracy industry has a defined presence in the economy. There is a mathamadical formula that will express in a dollar expression, the economic impact that piracy has affected our economy. However knowing this will only bring a negative conclusion to this weeks reading. I am not a person who likes to leave things on a negative note and therefore would like to leave readers inspired to change. The music and film industries need to find new alternative methods for compensation. I agree with “the technology is here to stay therefore the industry must make some adjustments and embrace it. Sometimes I feel that the industry itself does not want to compromise and that is not fair to the average consumer ”. lifeofascanner gave a great example of how our economy has been affected with Blockbuster. It made me particularly upset when Blockbuster closed because it limited my ability to buy and rent movies. I needed to rent the movie Cast Away for Marketing 4P31, and I had to drive to four stores before I could buy the movie. I was really happy to see that it was not to expensive to buy at future shops as it was on I-tunes. I believe that if we can find a way to increase accessability to music and films our economy will benefit greatly. As long as it is easy to consumers to consumer, they will. In economic we learn that increasing supply will decrease the price of an object. Little Fish agrees that we need to do something about piracy. “ As long as the price is reasonable I have no problem to pay for the music. I also love what iTunes brought to our life. It is a game changer. A place can make everybody happy. Consumers can purchase single song under $2 and without worry about to buy off the whole album”. At the end of the day if individuals are compensated for their efforts everyone is happy.
Condry, Ian. (2004). Cultures of Music Piracy: An Ethnographic Comparison of the US and Japan. International Journal of Cultural Studies. 7 (3), pg. 343-363