Recording industry: P2P is killing us! EU: Nope,it isn’t.

The IFPI responded to the last ‘revelations‘ that P2P is not really the reason the music business is in the shambles they claim it is today… but this time their spin didn’t go far.

A few snippets:

In response to a new survey suggesting that P2P file-swapping might not be harming music sales, music’s international trade group IFPI today put out a statement. “The net effect of illegal file-sharing in the UK and elsewhere has been to reduce legitimate sales,” IFPI asserts. “This is why spending on recorded music has fallen every year since illegal file-sharing began to become widespread.”

In other words, P2P file-sharing is the main cause of the revenue decline and the (very real) job losses in the recorded music business. It’s a strong assertion, but it’s not necessarily accepted outside the music industry. And we’re not talking about the usual copyrighters, or groups like EFF, or Pirate Party backers; complaints about P2P have failed to convince even people like the European Commissioner for Information Society and Media, Viviane Reding.
…
“A vote of no-confidence in existing business models.” It’s a common criticism, and one advanced by all sorts of people who aren’t out to destroy copyright or sink major music labels.

It might seem that I have copied a lot from the original article as snippets, but the article is pretty long and well worth the read so we do recommend you do head over there and check it out, its well worth it. Thank you Ars and Nate.

Related posts:

1. One Shot Answer For The Music Industry? NOOOPE!
2. Music Industry Going Back To Basics – Trying To Bribe Their Way Through (UPDATED 2)
3. Anti-P2P Laws Working?? Not Really.
4. European Commision Rains On MAFIAA’s Parade
5. Music Industry: Too Greedy For Own Good (Whats new?)
6. The Real Music Pirates…Rogues
7. Another Study Proves P2P Is An Artist’s Friend