The rapid expansion and improvement of technology over the past couple decades has changed many aspects of our lives. This includes how we get our media. The internet has enabled the sharing of music files through torrents and other downloading services. This has affected the music industry in various ways, many of which are negative. In this paper I will analyze the affects of online piracy on the music industry. Record sales have been declining recently due to the increased availability of free music. Having all this music available for free lessens the importance of owning the CD, therefore hurting the industry from the ground up. Stores sell less, which means less money for labels, which in turn gives them less money to promote current artist and to sign new ones. Torrenting and other forms of online piracy have negatively affected the music industry by decreasing record sales and lowering the revenue of the labels.
I will use a multitude of sources in order to strengthen my argument against piracy. I want to use CD sales information for data so that I may interpret it myself. Also, I will be looking for commentary on the subject from people familiar with the industry. Studies relating to the matter will also be used to further refine my opinion. The music industry usually puts out a yearly report on how the year went; it typically covers the affect of piracy on their sales; so I will be using that as well. I will also look at what the Featured Artist Coalition has to say about the issue, because they are artist who are for having more freedom over how their music is distributed. This will be a good counter point because they are a group of experts who disagree with me on the issue.
A potential issue that could arise is that very recent sales numbers may not be available yet. Since I do not download music illegally there will not be any interference with my own behavior. I will need to fully refine and flush out my opinion on the issue since it has many layers that interlace with each other.




