Matt Phillips , I am curious to know, how much music revolution in the internet has damaged record companies profits? Could you give any breakdown?
Asked by PikkuMemy on Oct 30 2007 7:02:24 PM and supported by 39 members
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There are a lot of studies that have been done, and they tend to vary, but we are talking very comfortably in the region of hundreds of millions of pounds a year, in terms of lost sales through digital piracy. We obviously are not presuming that every download is a lost sale, but results still average out to these figures; it’s a worrying trend.