In exciting news this week, the RIAA announced that due to the massive piracy of digital music "ripped" from CD's and made available over the Internet, the music industry lost negative $1,400,000,000 in CD sales in 1999. In fact, the damage was so extreme that the industry shipped negative 90 million fewer CD's than the year before.
Oh, I can't keep up the fake news any more... In fact, the RIAA reports that the music industry - especially non-copy-protected CD's - is booming. Not only did the record industry sell 10.8% more CD's than last year, they raised their income on those disks by 12.3% - so not only are you buying more music, but you're paying more for each disk you buy. Income from CD's alone increased by 1.4 billion dollars last year. So where's the crippling damage from evil music pirates? If they're suffering so badly, why does their profit chart look like Microsoft's?