London School of Economics: be skeptical of entertainment industry claims
Copyright and Creation, a policy brief from the London School of Economics, claims that the evidence shows that piracy isn’t causing any serious harm to the entertainment industry, and that anti-piracy measures like the three-strikes provision in Britain’s Digital Economy Act don’t work. The reports call on lawmakers to take an evidence-led approach to Internet and copyright law, and to consider the interests of the public and not just big entertainment companies looking for legal backstops to their profit-maximisation strategies.
“Contrary to the industry claims, the music industry is not in terminal decline, but still holding ground and showing healthy profits. Revenues from digital sales, subscription services, streaming and live performances compensate for the decline in revenues from the sale of CDs or records,” according to Bart Cammaerts, LSE Senior Lecturer and one of the report’s authors.
The report concludes: “The music industry may be stagnating, but the drastic decline in revenues warned of by the lobby associations of record labels is not in evidence.”