"We can't compete with free. That's an economic paradigm that doesn't work." - James Gianopulos, Co-chairman, Twentieth Century Fox Filmed Entertainment (quoted in Thompson 2003).
Digital music piracy, or the unlawful downloading of copyrighted music, has been a controversial topic since 1998 when Shawn Fanning created Napster. Napster, a peer-to-peer (P2P) program, allowed online users to connect with one another and swap copyrighted music, videos, and other files contained in their computers, thus providing a way to get free music online. Since music artists and record companies were uncompensated when consumers downloaded these music files, the act of downloading ‘free music’ became known as digital music piracy. Market statistics compiled by the International Federation of the Phonographic Industry (IFPI) showed that worldwide sales of music fell at the turn of the century and P2P networks were immediately blamed for the industry's bad fortune. The argument being intuitive says: Once a consumer is able to consume and potentially retain a copy of free content, why would they consider purchasing that content? End-user piracy can be difficult to detect than commercial piracy since goods never physically exchange consumers' hands.So, we first start our analysis by identifying…show more content… To fetch, if there exists rather a positive relation, as opposed to the negative relation being seen by most researches, we can increase our sample size, broaden and diversify it (based on age, income, gender, locality etc.). If the sampling effect comes to play, we can find respective observations showing a positive and not a negative relation. Based on the proportion of observations showing positive or negative relation, weights can be assigned and a final impact can then be concluded. Accordingly, we can accept or reject the given