PTMO-News

€170 million annual losses due to music piracy

Overall, in music sales, €57 million were lost in physical formats (e.g. CDs) and €113 million in digital formats. This was equivalent to 2.9 % of all music sales in physical formats and 8.8 % of all music sales in digital formats. The study, issued by the EUIPO through the European Observatory on Infringements of Intellectual Property Rights, analyses the recording industry's direct sales of music products to domestic retailers or intermediaries. It does not include sales by music distributors, like online platforms, or retailers. The EUIPO's Executive Director, António Campinos, said:
The question of whether piracy reduces or increases sales of recorded music has been the subject of many studies with contradictory results. Our study's results are in line with the prevailing consensus and find that piracy reduces the revenue of legitimate industry in both digital and physical formats. The study is based on data from the International Federation of the Phonographic Industry (IFPI), which represents recording and music licensing companies worldwide. It analyses sales data from the 19 EU Member States where 99 % of all such EU sales took place in 2014. Germany
https://ptmo.org/nc/news/article/EUR170-million-annual-losses-due-to-music-piracy.html