Study Finds That Piracy Has Zero Effect On Music Sales

I found this very interesting. According to rocknewsdesk.com,  a study of the music industry by leading financial body the London School of Economics has found that filesharing has not contributed to the collapse of the music business in any way,  and suggests industry bosses are lying when they say it has!

Record and movie bosses have blaming pirate activity for the decline of both industries, and have ignored the fact there's a decline in leisure spending across the world, says the LSE. The study shows that people are simply not spending money on leisure pursuits because they're faced with higher bills, lower pay rises and less job security.

And the report points out that people who don’t own computers – and therefore can’t share files – have stopped buying music at exactly the same rate as those who do.

Very interesting, no? Check out the rest of the article at rocknewsdesk.com