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Ruffneck

Digital Media/music - Do They Have Any Value?

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In the world of supply and demand economics , the price of something is relative to the supply of it as well as the demand for that product.

For a digital music or video file supply is essentially unlimited (Copy - Paste)

Should places like iTunes be charging 99p per song?

Is the supply/demand economic theory outdated or does the file have no value in the first place?

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Value is reduced when there is an oversupply, particularly when this extra product is offered "free" i.e. illegally. If piracy is reduced, value will increase.

Piracy would be reduced by :-

1. increased penalties for copyright theft

2. easier, cheaper access to legitimate music

3. increase monitoring of internet making it harder/riskier to steal or supply illegitimate music

These thing are happening now, and to an increasing degree, so increasing the value.

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But would you feel worse stealing a CD from a music shop or downloading the album illegally off the internet?

If you would feel greater shame stealing the physical product then it must have more worth , there is a much much greater chance of being caught whilst doing it and you are able to see the people you are depriving of a living (the CD store workers) as opposed to the facelessness of the internet.

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But would you feel worse stealing a CD from a music shop or downloading the album illegally off the internet?

If you would feel greater shame stealing the physical product then it must have more worth , there is a much much greater chance of being caught whilst doing it and you are able to see the people you are depriving of a living (the CD store workers) as opposed to the facelessness of the internet.

They're not quite the same thing, since a CD is clearly a physical object owned by someone, and stealing it is just liek stealing someone's watch, phone, car etc. They no longer have the use of it.

You can't technically "steal" the music itself, since music is just sound pressure waves that must penetrate your head for you to perceive it in the first place.

The issue is about the right to reproduce or transmit this music, which is a matter of licenses and publishing agreements. You can only be in breach of copyright..

Either way, it's a grey area, and what rules exist are only a fudge. From an artist's perspective, you of course want to be paid, but then again, you also benefit from a certain amount of piracy, particularly in the early days when you're trying to get noticed, as more people will hear you stuff.

So though it's still wrong, there are reasonable moral arguments as to why internet piracy can't be compared to physical theft.

Personally I see internet piracy dying out as online international music licensing gets more efficient. I'm sure there will soon be business models whereby any and all music can be heard at such low cost, or even free, at great convenience, that the concept of "owning" a music collection becomes out-dated.

Music creators and copyright owners will still earn money from the millions of tiny fractions of a penny they receive every-time someone somewhere in the world listens to their tune. (for 50 years. a useful pension?)

The value of the music to the consumer in this case would be almost nil, but the value to the creator, will still be significant, and possibly more valuable than it is today.

Edited by fildi101

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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