"A lot of people are getting very rich from stealing other people's things"

Business quote of the day.

By Helen Roxburgh Published 17 September 2012
A record store. Photograph, Getty Images.
A record store. Photograph, Getty Images.

A lot of people are getting very rich from stealing other people's things

The British Phonographic Industry’s chief executive on a study that show Manchester is the piracy capital of the UK, with more illegal downloads per person than any other in the UK. The BPI claims there are more illegal downloads than legal purchases, with a “significant effect on investment in new music". Ed Sheeran was the most pirated act  followed by Rizzle Kicks and Rhianna.

Helen Roxburgh is the online editor of economia.

 
 

3 comments

Snappy Jon's picture

Mon, 2012-09-17 11:20 — Snappy Jon (not verified)

Individuals are downloading (and, yes, stealing) tracks. They aren't selling them on, they are listening to them. Who could you sell it on to when (illegally) downloading the track is so easy for anyone to do?

Musician need to adapt to the new technology and drop the old 'big business' methods left over from vinyl record industry.

timple's picture

Mon, 2012-09-17 10:09 — timple (not verified)

There may be lots of illegal downloading going on but who exactly is getting rich listening to downloads?

The only beneficiaries I can think of is the hard drive manufacturers and have you seen the cost of 1TB recently?

Paul Danon's picture

Mon, 2012-09-17 09:58 — Paul Danon (not verified)

Folks need to realise that intellectual property is property; taking it stealing.

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