| The Value of Unlicensed Music “Shared” Worldwide on P2P Networks in 2007 was US$ 69 billion |
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“A US$69 billion figure is staggering to contemplate, but it effectively illustrates the impact of piracy on the music industry,” according to Rick Sizemore of MultiMedia Intelligence. “It is important to note that piracy has expanded well beyond music. Content owners of TV episodes and full length movies are seeing a growing impact. This is precisely why efforts from groups like the DCIA and those related to digital fingerprinting (e.g. MySpace and MTV) are vital to foster a “safe” environment - one conducive to growth and maturation. With an ever burgeoning flow of content over the digital pipes, the need for efficient distribution becomes all the more vital and we would be remiss to think of P2P exclusively as a tool for pirates” MultiMedia Intelligence’s new research also found:
The research, P2P Networking: Content’s “Bad Boy” Becomes Tomorrow’s Distribution Channel, analyzes the P2P market in terms of worldwide broadband penetration, consumer consumption of data, audio and video files and its associated revenue. Forecasts are provided on an annual or per monthly average (e.g. PB/month) from 2006 through 2012. Forecasts include:
For more information, visit www.MultiMediaIntelligence.com or contact Rick Sizemore 480-308-0901 This e-mail address is being protected from spambots, you need JavaScript enabled to view it About MultiMedia Intelligence MultiMedia Intelligence, a market research and consultancy firm, specializes on the markets and technologies for delivering and monetizing digital content and services across multiple platforms. We look beyond the classic 'three screens,' which include TVs, mobile handsets, and computers. We put markets into the broader context of the industry ecosystems that are converging and changing traditional business models. |
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