Music Industry’s Latest Piracy Threat: Stream Ripping

Blog, Legal, Music, Piracy, Streaming

Earlier this year, a federal judge shut down the free music-download site Mp3skull.com and awarded $22 million to the record companies that had sued it for copyright infringement.

But Mp3skull.onl, which has surfaced in its place, is touting a service even more worrisome to the music industry: stream ripping.

That practice, which involves turning a song or music video played on a streaming service into a permanent download, is growing fast among young music fans, even as other forms of music piracy wane.

Source: WSJ

Music Piracy Costs Europe $190 Million a Year, EU Study Estimates

Blog, Legal, Monetization, Music, Piracy

Music piracy has taken a small but noticeable bite out of potential profits for the recording industry throughout Europe, according to a new study by the European Union Intellectual Property Office. The report places an estimate on lost music sales in 19 EU states as a result of piracy in 2014, and comes up with a total of €170 million ($190 million), or 5.2 percent of all sales.

When broken down, that amounts to €113 million ($126 million) in lost digital sales and €57m ($63.5 million) in lost physical sales, the report finds. That’s the equivalent of 5.2 percent of the sector’s revenues from both physical and digital sales.

Source: Billboard