Music Industry Ruling
Music Industry Ruling
Out of context: Reply #11
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- Danski0
Interesting fact about the RIAA:
The RIAA is quoted as saying that since the onset of MP3 trading, RIAA revenue has dropped by 25%.
Sounds pretty harsh.
Until.
You find out that, predicting a hard time ahead, the industry *axed* 20% of production voluntarily. So in essence MP3 trading had only a 5% impact on revenue, which was still in the busta-paddy-mack-billion range even after half of it was spent on coke.