Record labels keep blaming P2P, but it’s a hard sell

In response to a new survey suggesting that P2P file-swapping might not be harming music sales , music’s international trade group IFPI today put out a statement. “The net effect of illegal file-sharing in the UK and elsewhere has been to reduce legitimate sales,” IFPI asserts . “This is why spending on recorded music has fallen every year since illegal file-sharing began to become widespread.” In other words, P2P file-sharing is the main cause of the revenue decline and the (very real) job losses in the recorded music business.

Tags: article, european, file-sharing, labels, music, p2p, pirate-party, record, recorded, recorded-music, result, revenue, since-illegal