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"The Internet has been a blessing for the music industry. Although the RIAA and IFPI frequently complain about piracy, their own research shows that only 10% of all illegal downloads are considered to be a loss in sales. Meanwhile, piracy has shown them how to monetize music online, and turn it into profit. Every year, RIAA's global partner IFPI publishes a digital music report, which can be best described as a one sided view of the state of digital music consumption. For several years in a row the report has shown that the sales figures of digital music have gone up, but still, the industry continues to blame piracy for a loss in overall revenue. One of the key statistics that is hyped every year, is the piracy ratio of downloaded music. Just as last year, IFPI estimates that 95% of all downloads are illegal, without giving a proper source for this figure. Interestingly, those who take a closer look at the full report (pdf), will see that only 10% of the claimed illegal downloads are seen as a loss in sales."

"Author Info Jonathan Lee () (Queen's University) Registered author(s): Abstract This paper quantifies the relationship between private-network file sharing activity and music sales in the BitTorrent era. Using a panel dataset of 2,251 albums' U.S. sales and file sharing downloads on a private network during 2008, I estimate the effect of file sharing on album sales. Exogenous shocks to file sharing capacity address the simultaneity problem. In theory, piracy could crowd out legitimate sales by building file sharing capacity, but could also increase sales through word-of-mouth. I find evidence that additional file sharing decreases physical sales but increases digital sales for top-tier artists, though the effects are modest. I also find that file sharing may help mid-tier artists and substantially harms bottom-tier artists, suggesting that file sharing enables consumers to better discern quality among lesser-known artists."

Ernesto on January 21, 2016 C: 18 News A new academic paper published by the Economics Department of Queen's University examines the link between BitTorrent downloads and music album sales. The study shows that depending on the circumstances, piracy can hurt sales or give it a boost through free promotion.

" Andy on January 26, 2015 C: 94 Breaking A survey carried out by music industry group IFPI has revealed that just 4% of Norwegians under 30 are now using illegal file-sharing platforms to obtain music, down from 70% in 2009. But while that achievement is unprecedented, overall music industry revenues have remained static."