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The report titled “The Sky is Rising” was presented at the MIDEM music business conference earlier today.
A summary of some of the key findings:
* According to MPAA, box office revenues grew 25 percent from 2006 to 2010 from $25.5 billion to $31.8 billion.
* Data from PricewaterhouseCoopers and iDATE show that from 1998-2010 the value of the worldwide entertainment industry grew from $449 billion to $745 billion.
* From 1999 to 2009 music concert sales in the US tripled from $1.5 billion to $4.6 billion
* Consumers’ choices growing as more movies are produced jumping from 5,635 films produced globally in 2005 to 7,193 in 2009.
* BLS data also show entertainment sector employment also grew 20 percent during that last decade and 43 percent for those identified as independent artists.
Most of the crap the "entertainment industry" produces isn't even worth stealing.
Originally posted by binkbonk
You are dead wrong. I used to collect 6 figure royalties just a little over 10 years ago. Now? Almost nothing. But I still oppose SOPA PIPA ACTA etc... So don't try to spin it like we aren't affected by illegal downloading... Call it what it is, the government exploiting yet another real problem in ways to advance their own agendas.
Originally posted by jazzguy
best comment lol. so true
Most of the crap the "entertainment industry" produces isn't even worth stealing.
You are dead wrong. I used to collect 6 figure royalties just a little over 10 years ago.
Originally posted by binkbonk
You are dead wrong. I used to collect 6 figure royalties just a little over 10 years ago. Now? Almost nothing. But I still oppose SOPA PIPA ACTA etc... So don't try to spin it like we aren't affected by illegal downloading... Call it what it is, the government exploiting yet another real problem in ways to advance their own agendas.
Originally posted by intrepid
Originally posted by binkbonk
You are dead wrong. I used to collect 6 figure royalties just a little over 10 years ago. Now? Almost nothing. But I still oppose SOPA PIPA ACTA etc... So don't try to spin it like we aren't affected by illegal downloading... Call it what it is, the government exploiting yet another real problem in ways to advance their own agendas.
Nice post. I couldn't agree more. I don't download music but when I'm in the mood for some I go to YouTube. I haven't bought music in years. Why pay for the cow if the milk is free? Not exactly right but it's not stealing. The music stays on the site, not any electronic devices I may own but I still get the entertainment without cost.
That is very true, and I realize that. I am grateful for that. But it still doesn't change the facts that the money is gone from the part of the music industry that relied on record sales.
Originally posted by kn0wh0w
reply to post by binkbonk
'piracy' has put me in touch with artists i've otherwise wouldn't have come across.
it also has prevented me from buying a lot of #ty albums who suddenly went far to mainstream for my taste.
Originally posted by binkbonk
reply to post by AzureSky
No, you are ignoring the fact that in the music industry (with the exception of a few very large profile artists), all the profits are coming from touring and live performances. You can't illegally download yourself into the front row of a concert.
The music industry, as far as music sales has been destroyed due to illegal music downloads. Every single record store has gone out of business i.e.; Tower Records, The Wharehouse, Music Plus, etc..
It's a ghost town. But, as I said, I do not support any of these anti-piracy bills because I can see them for what they really are... Even so, let's get our facts straight, ok guy?
What Piracy? The Entertainment Industry is Booming
Originally posted by binkbonk
reply to post by AzureSky
You are displaying your "need to be right", with which I can't argue. Due to illegal downloading, I suspect I have missed out on a collective 1 million dollars over the last 10 years. That said, my band has probably gained a million more fans than we would have without the internet. I am ok with this, I have accepted it... But, dude, Wallmart didn't take down Tower records, it's 100% due to illegal downloading.