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Well known to whom? What is your source? Proof please, otherwise your comments are meaningless.LabAnimal said:Its a known fact that Recording labels especially south africa don't pay out all royalties to artists, instead they stick it into their back pocket!.
Fung said since the worldwide music industry began prosecuting file sharers in 2003, the number of people obtaining copyrighted material illegally from the Internet had fallen.
Consequently, legal paid-for downloading had increased four fold from 1.9 percent of online transactions to 6 percent last year.
Losing implies that they would have otherwise gained that revenue and we know this is not the case.Dominic Rooney said:@Noxibox: I can actually imagine them losing billions anually. Remember it's only via internet downloads that they can estimate lose revenue. Lots of people do piracy by buying copied games/music etc.
Having said that, the music industry should've implemented online music buying far earlier.
bwana v.7 said:Losing implies that they would have otherwise gained that revenue and we know this is not the case.
http://www.nytimes.com/2004/11/21/b...artner=rssuserland&pagewanted=print&position=