To give you an idea of the size of illegal file sharing, Big Champagne estimates that over 1 billion tracks are exchanged monthly. Compare that against Apple's iTunes service, which has sold just over 2 billion songs since it launched back in 2003, which also represents over 70% of the legal music download business.
Russ Crupnick, an analyst at consumer research group NPD, noted a 7% rise in the number of U.S. households engaged in filesharing, and a 24% increase in illegal downloads over the past year. "P2P remains an unacceptable problem," said Mitch Bainwol, RIAA president. "The folks engaged in the practice are doing more of it."
Source:
Reuters
Written by: James Delahunty @ 7 Feb 2007 7:31