Study Finds That Piracy Has Zero Effect on Music Sales

(Rock News Desk) A study of the music industry by leading financial body the London School of Economics concludes that filesharing has not contributed to the collapse of the music business in any way and suggests industry chiefs are lying when they say it has.

Bosses of the music and movie industries have focused on blaming pirate activity for all negative financial results, and have ignored the fact there's a decline in leisure spending across the world, says the LSE. They conclude that pirates are not to blame for a drop in sales. Instead, people are simply spending less on leisure pursuits because they're faced with higher bills, lower pay rises and less job security.

And the report points out that people who don't own computers and therefore can't share files have stopped buying music at exactly the same rate as those who do. Citing an earlier report the LSE quotes: "Downloads have an effect on sales that is statistically indistinguishable from zero." more on this story

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