[Download] "Napster and Its Effects on the Music Industry: An Empirical Analysis (Report)" by Journal of Social Sciences # eBook PDF Kindle ePub Free
eBook details
- Title: Napster and Its Effects on the Music Industry: An Empirical Analysis (Report)
- Author : Journal of Social Sciences
- Release Date : January 01, 2010
- Genre: Social Science,Books,Nonfiction,
- Pages : * pages
- Size : 202 KB
Description
INTRODUCTION The global economic climate has experienced dramatic changes over the last two decades as a result of the personal computer and increased Internet connectivity. This rapid advancement of technology has created new business opportunities and allowed for vast improvements in communication. Despite the multitude of positive effects being reaped from the internet, there also exist issues that have upset many people. In the mid to late 1990s the rise of the internet has led to the development of Peer-to-Peer networks (P2P), which allows for increased and rapid connectivity between individuals and has made the transfer of information and files as simple as clicking a button. The ability to connect so easily with masses of individuals has had its share of positive and negative effects. One potentially negative effect, in particular, has led to much controversies in our society: the Recording Industry Association of America (RIAA, 2009), a trade group representing the music industry, has charged that P2P networks have enabled individuals to effectively steal and share music, leading to a significant reduction of CD sales and illegally appropriate the profits of recording artists individually and the music industry as a whole. It has also led to disputes over copyright infringement upon the rights of music artists. Proponents of these types P2P networks (that facilitate music file sharing) claim that the ability to download music for free has had an innocuous effect on CD and paid electronic sales. Still others claim that the availability of free music on applications such as Napster and Kazaa, among others, has actually helped the music industry by exposing individuals to artists they might not have otherwise become aware of, or has allowed sampling of music prior to purchase. The purpose of our research project is to identify the extent to which these P2P networks have contributed to the overall decline in CD sales and, also, to identify the effects of enacted legislature against illegal file sharing and the increase in access to legal digital downloads have helped curb this issue. The study is organized as follows: firstly this study briefly explains the nature of the recorded music industry and its history, the nature and function of P2P networks and legislation imposed to protect intellectual property. Secondly this study briefly reviews the literature. In fourth part, this study details the hypotheses to be tested and discusses the data and econometric methodology. In fifth part, this study discusses empirical results and implications. Finally conclusion is given