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@ Matt Phillips
Head of Communications, Future Media & Technology at BBC

I am curious to know, how much music revolution in the internet has damaged record companies profits? Could you give any breakdown?

Submitted by: PikkuMemy | 39 votes for this..

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Answered by Matt Phillips

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... Show more »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. Show less »

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