This isn't so much about pirated MP3s so much as it is about CDs being sold, made up of those MP3s. To put it in terms other than music: Imagine a store where you can buy StarCraft on a burnt CD and a cheap plastic jewel case, all for 25 cents. Now imagine that this sort of store is common all around the country, and you have a problem. This is HUGE in China.
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It certainly isn't an "just an opinion" that this sort of thing hurts the industry. Since I don't listen to music much, I really don't care though.
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(Comment: Where the fuck is America? We steal shitloads more ;] But whatever. 600 million bucks? That's a lot, but the thing is, is it really costing you to lose money? I have yet to see actual evidence that you are losing money)
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In this case, it's pretty obvious that money's being lost. 4.5 billion dollars that people were WILLING TO SPEND, but it didn't go to the CD industry - it went to the pirates. YARRR
Plus, America doesn't have the kind of stores that I mentioned, so it's not on the list.
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Something about SLUTNEY SLUTS
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Yeah, but this one isn't about the artists, again - it's about copies of CDs being sold in a rather public manner.
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My opinion on this: Quit your damn bitching, you are the people actually ripping off the musical artists. You cheat them out of royalties and then you threaten to take more royalties away if they don't go along with your little "Illegal MP3s hurt us and cost us to lose money". Signing off on this, I'm Kagom Jack.
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They aren't the RIAA, though according to their website they're "closely affiliated". This is an international thing.