It has been estimated that every year the music industry loses about $12.5 billion dollars. What is creating this loss? Over the years we have reached new ways of listening to music, whether it be by downloading it or through the internet. As someone who is constantly listening to music, I began to realize that the internet has benefited us by making it easier but what I didn’t realize was that others were suffering because of this.
Listening to music has become such a norm in our society which could explain the many different ways there are to listen to music. Technology has made it more attainable, for example now we have Spotify, Pandora, iTunes, and many more. But what about the people who illegally download music. The music industry is losing money because people have found ways to avoid paying for it, also known as pirating. For example, recently Taylor Swift removed all of her music from Spotify because she is “not willing to contribute my life’s work to an experiment (Spotify) that I don’t feel fairly compensates the writers, producers, artists, and creators of this music.” So here is a clear example of an artist who is becoming tired of this new music development. This is affecting a complete chain of music industry workers.
Artists are being affected greatly because with new ways of “getting” the music, people aren’t paying for it. With just a click away, we can now access the artists’ music and ultimately give the artist more and more exposure. But what happens when all this exposure is made through pirating? The artists lose money. And what happens when artists, like Taylor Swift, remove their music? Listeners become angry and begin to think that the only reason they do it is because of money. Are the artist really the ones to blame though?
Piracy has become a problem for many things; books now are also being stolen illegally over the internet. Many people don’t really see this as a problem because it isn’t personally hurting them. Also because people tend to think that as long as they don’t get caught, it doesn’t matter. The question arises what should we be doing to stop pirating from happening. And whatever the solution is, will it ultimately hurt the music industry either way? But I believe that the real question is, is piracy really hurting or benefiting the music industry?