Music piracy and illegal sharing: are artists being affected

Authors

  • ANDRÉS CAMACHO MURILLO Centro de Investigación de Economía Social

DOI:

https://doi.org/10.18041/1900-0642/criteriolibre.2013v11n18.1121

Keywords:

Internet piracy, illegal musical exchange, music industry, external factors

Abstract

This essay analyzes the impact that musical piracy and illegal downloads have on singers and song writers. Arguments suggest that even though singers see a direct affectation on their income from royalties (CD sales), these losses are compensated with the sales of their own brand items, concert tickets and advertising contracts. On the other hand, for song writers, piracy does not affect their finances directly, but it does more on motivational terms. The theoretical analysis is based on the income/outcome function as well as on the Cobb-Douglas production function type, which includes piracy as a negative external factor.

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References

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Published

2017-11-08

How to Cite

Music piracy and illegal sharing: are artists being affected. (2017). Criterio Libre, 11(18), 113-124. https://doi.org/10.18041/1900-0642/criteriolibre.2013v11n18.1121