Discover and read the best of Twitter Threads about #piracy

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Let's start our #GlobalEChats on #music!

Among our #discussion topics: 1. #Stakeholders in music and what happens to them? 2. #Production of music 3. #Consumption of music 4. New #technology out there!
Firstly, let's talk about how scary #technology and #advancement can be to #music.

Some stats:
The US lost $12.5 billion a year in total sales due to pirated music.

71k jobs were lost; $2.7bn in annual earnings; $1.1bn of that would have been earned by the industry.
Source:

sheffieldav.com/education/how-…

But as with any #tech #disruption, there are always negative externalities.

In the #music industry, most of the bad press came from #piracy. Sites like Napster and P2P torrenting were rampant back in the day.
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