Tuesday, April 04, 2006

Music industry stats hit new bogosity high

Peter JamiesonThe UK music industry today publishes its most bogus statistics yet on the impact of music sharing networks on CD sales:

The rise in illegal piracy cost the UK music industry £1.1 billion over the last three years, despite the fact that the number of Britons downloading illegally has fallen since last year. But the dent to the music industry coffers has increased largely because those downloading music illegally are the individuals expected to spend the most on music.

In fact, serious economic studies of the subject have found that filesharers spend more on authorised music download services, and that filesharing has an impact on music sales that is "statistically indistinguishable from zero." Unfortunate that newspapers swallow the music industry's press releases hook, line and sinker.

No comments: