February 8, 2004--The recording industry already has blamed illicit music file swapping for keeping away as much as $ 5 billion from its coffers since 1999. But with the number of households installing high-speed Internet access - the key component in moving large data files - projected to nearly triple within four years, the music business faces the prospect of mammoth losses and little assurance that its counterattacks to piracy will have much effect.

This report is an assessment of the market for the pirated music, the major players and their stand on the issue. It also traces the origin of music piracy, the industry’s fight over a period of time and its demand for standard regulations. This report provides an analysis of the impact of piracy on the music industry. It unplugs all the loopholes in the sector that have resulted in the illicit trading of music. Moreover, it focuses on the initiatives that are being taken by the recording industry to fight this battle, the copyright regulations that are present and the various initiatives taken by governments to save the fortunes of this industry.

For a complete index of this report click on http://www.researchandmarkets.com/reports/28467

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