Piracy in the Brazilian Music Industry

Paper Summary:

This paper discusses how music piracy is a rampant problem that results in enormous losses on behalf of the international music industry. It focuses on this problem in Brazil and examines possible solutions to this increasing phenomena. In order to understand why this problem is so rampant in Brazil, the writer also gives an overview of the Brazilian music market.

From the Paper:

"Piracy is sometimes thought by some to be a victimless crime. However, the music industry would argue to the contrary. There are enormous economic losses incurred due to piracy, and the effects are felt through all levels of the music industry. Piracy affects artists whose creativity is dispersed without credit. Governments are also affected through the loss of several millions of dollars in tax revenue. In addition, economies are deprived of new investment and consumers are given less diversity and choice in the marketplace. Moreover, record producers are left with no choice but to reduce the number of artists they produce because of the losses due to piracy (IFPI, 2002)."

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