Online Piracy; the Economic Effects of the Music Industry

The world phenomenon with technology has finally infiltrated into the recording industry. College students around the world are getting their favorite music songs and downloading them from the internet illegally. College students are the majority of the downloader's, but with the release of the MP3 player and the I-Pod just about anyone now a day goes and downloads music songs illegally. The recent phenomenon came about when college students were using a program called Napster to get their music from, but Napster was taken offline due to copyright infringement laws. Now Peer-2-Peer networ…