Image for New Report Finds Online Piracy, Free Streaming Benefits Music Industry

New Report Finds Online Piracy, Free Streaming Benefits Music Industry

Written by Mike Hohnen on October 7, 2013

After years of rhetoric and legal implications, a recent report has discovered that online piracy has not negatively impacted the music industry. In fact, as the people at The London School of Economics and Political Science have found, the act of file-sharing an artist’s material can in fact be beneficial to their sales and the industry in general.

Having examined the facts and figures with a fine tooth comb, scholars at the institution say that, despite the obvious decline in revenue from physical unit sales, the music industry has experienced an overall growth in profit. This is largely due to more emphasis being place on financial gain in other spheres of the industry including publishing, digital presence and an influx of demand for live performances.

As it turns out, those who illegally download music are more inclined to funnel their cash back into the music industry machine in other ways, such as concert tickets and merch, whereas those who purchase the music tend to leave it at that.

The success of streaming services such as SoundCloud and YouTube was also originally seen as being to the detriment of the music industry however, in terms of promotional currency, these services have proven to have an immeasurable affect.

Those who undertook the research did so in an attempt to convince the UK government to reconsider their attitude towards copyright. As well as the numbers and figures, the study also includes opinions of music industry lobbyists. Speaking of the report, scholar Bart Cammaerts explained:

“Contrary to the industry claims, the music industry is not in terminal decline, but still holding ground and showing healthy profits. Revenues from digital sales, subscription services, streaming and live performances compensate for the decline in revenues from the sale of CDs or records.”

You can read the full report here.


(Via Pigeons And Planes)

Join Music Feeds on Facebook

More On Music Feeds


Here Is ‘Yeezer’, The Kanye West & Weezer Mashup Album

Ever wondered what a mashup of God-complex rapper Kanye West and LA rockers Weezer would sound like.


Here Are The 10 Best Megadeth Songs Of All Time

Big four thrash champs Megadeth are launching an all-out assault on their Aussie fans.


Jamie xx Adds Extra Show To Australian Tour

Producer and DJ extraordinaire Jamie xx has extended his upcoming Australian jaunt by announcing his first ever (yes, ever) headline show in Adelaide, which is set to go down at Thebarton Theatre in January.


Hear Glass Animals & Joey Bada$$ Make Magic On Their Surprise Collab ‘Lose Control’

In one of the more interesting collaborations of 2015, Oxford indie-rockers Glass Animals have dropped a surprise single with Brooklyn MC Joey Bada$$, called Lose Control (and no, it’s not a Missy Elliott cover).

Album Reviews

Little May – For The Company

Aaron Dessner can’t really do much wrong.


Michael Crafter Announces Confession’s Break Up & His Retirement

Michael Crafter, frontman and founder of Melbourne metalcore outfit Confession, has announced that after seven years, the outfit are calling it a day, adding that following the break up he is “done with being in a band”.

Around the web

This May Also Interest You