“…with sales of pirated discs jumping an estimated 50 percent from the previous year, according to an industry report released Tuesday. The International Federation of the Phonographic Industry (IFPI), a lobbying group, said pirated disc sales jumped from 640 million units in 2000 to 950 million units in 2001. However, declining prices kept the total value of the unauthorized CD market nearly flat, at an estimated $4.3 billion worldwide in 2001 compared with $4.2 billion the previous year. Because those numbers use the prices for pirated discs and not legal prices, they do not measure the full economic loss to recording industry, the IFPI said. In addition, they do not include the value of music traded online over free file-swapping services…”
Click here to read the full CNet News.com story.
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