Intellectual property industries – such as music, film, television and computer software – are central to the health and stability of the U.S. economy. For example, in 2013, the core copyright industries employed 5.5 million people in the U.S. and contributed $1.127 trillion to the U.S. GDP, equal to approximately 6.7% of the U.S. economy.
Who pays when music is stolen? Singers, songwriters, musicians, album producers, audio engineers, sound technicians, recording studio managers, and many others that contribute to creating the music we love, and who depend on a healthy industry for their jobs and their families’ income.
Music theft also has an enormous impact on music fans around the world. It is estimated that one out of six albums fail to recover the costs of making and marketing the album. If music is routinely stolen and distributed over the Internet or on illegal CDs, then it becomes less likely that people will invest in the high quality music we love. Much like venture capital, the success of one feeds the creation of the next generation of artists.
Infringing copyright is against the law and increasingly easy to detect. These violations can affect your Internet account in accordance with your ISP’s terms of service, and can result in lawsuits against you by copyright owners, and under some circumstances even constitute violations of federal criminal law. In short, it’s not worth it.