With the economic status at its lowest, people are already facing recession face to face. Mix in the Internet pirates that are fast becoming enemy number one for music industry giants, this could be the formula for an extended recession with regards to the music business.
Apart from the problems of piracy, the music industry has suffered from a failure to establish new formats, forming skepticism over the fate of the audio CD and the DVD-Audio formats. According to survey, Internet pirates have become more sophisticated, and with the threat of the economic slowdown, potential buyers now proceed with caution. It would be better for musicians all over the world to contribute to the anti piracy campaigns held by music enthusiasts and organizations, and is also encouraged to make their own music and be creative, rather than copy music illegally.
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