Recording Industry Association of America (RIAA) - "Is a trade group that represents the U.S recording industry. Its members are the record companies that comprise the most bibrant national music industry in the world. RIAA members create, manufacture and distribute approximately 90% of all legitimate sound recordings produced and sold in the United States. The RIAA works to protect intellectual property rights worldwide and the First Amendment rights of artists; conducts consumer, industry and technical research; and monitors and reviews state and federal laws, regulations and policies." (RIAA Website)
Basically the RIAA are completely against internet music piracy and believe it is stealing from the artists, songwriters, sound engineers, and label emloyees who help create music. They help in finding people who do illegally download, prosecute them, and obtain money that they have potentially stolen.
How much money does the music industry loose from piracy?
The Institue for Policy Innovation concludes that global music piracy causes
- $12.5 billion of economic losses every year
- 71,060 U.S. jobs lost
- a loss of $2.7 billion in workers' earnings
- a loss of $422 million in tax revenues
- $291 million in personal income tax
- $131 million in lost corporate income and production taxes.
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