March 27, 2008

Why piracy isn't such a bad thing for music

As an international recession looms, it is reassuring to read some good business news. Britain's film industry is enjoying a boom. Visits to cinemas rose 3.7% to 162.4 million in 2007, much faster than growth of the whole economy, and box office takings rose 7.7% to £904.9m. But hang on: isn't this an industry, even more than music, in global meltdown because of an epidemic of illegal file sharing? How come it is expanding? (The Guardian)