- Global Brand Counterfeiting Report, 2018
- Report Description
- Table of Contents
- List of Graphs
- Countries Analysed
- Business Covered
- Laws Analysed
- Official Video
Music is the core of our lives, have now reached a level where it getting disrupted on a very large scale. The value of illicit music content globally has reached to 32 billion USD in 2017 (approx.) are still being increased rapidly. The Global Music Piracy Report 2018- Reinvent your Business, elucidates the growth and consequences experienced in the Music Industry. Due to this, the economic ramifications are increasing among the stakeholders and in the global music industry. Core reason being the growth and development of internet and smartphone usage.
Across the globe, the reach of artists and creators have increased tremendously which have inversely affected the music’s industry. The scope to avail music freely has increased for the music enthusiasts with growing illegal pirated websites and apps at their fingertip. As per the report, the adoption rate of internet users and smartphone connections is 55% in 2017. With the growing number of paid subscribers who adds up to 25$ per user to subscription-based services are in increasing at an incredible rate and have added up to 2.5 billion dollars to the subscription-based services in 2017. As the number of the paid subscriber is increasing day in and day out the revenue generation is also increased by an incremental amount. The scope of users has now reached more than 100 million up to 2017 and is still expected to grow with each passing minute.
The report has explored the primary forces that drove digital piracy. The music industry is now confronting new avenues in which their rights are getting infringed and the rate of their revenues are diminishing. As per the report, the estimated value total losses faced by the Music Industry in the European Union in 2016 have reached up to 466 million USD (approx.).
The report has been analyzed on the basis of four pillars comprising of Social- that creates an understanding of how artists and record labels are strangulated, their goodwill is compromised and how consumers are opting for easier and cheaper means to avail music, Economical- the increasing losses that are being faced by Music Industry, Technological- Music Piracy is being augmented due to technological advancements as it has provided various illegitimate means for dissemination of music and the pace of growth artist and creators have received, Legal- as the losses incurred by the stake holders of global music industry are increasing at a fast pace and the recovery of such losses is becoming difficult due to inappropriate regulations, there is a huge vacuum between the existing legal frameworks and developments in technology.
The report comprises of numerous countries that have taken efforts to resolve these illicit activities and the countries that are required to take assertive measures.
WIPO Copyright Treaty, 1996
WIPO Performances and Phonograms Treaty, 1996
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