London School Of Economics Study Shows, Yet Again, That The Music Industry Is Thriving, Not Dying
from the how-many-more-times? dept
It's great to see yet another report make this point, and this one coming from researchers at the prestigious London School of Economics. In many ways, the report covers similar ground, highlighting that the overall music industry continues to grow, that copyright infringement isn't killing the industry, and that policy recommendations -- especially things like the Digital Economy Act -- need to look more closely at what's happening, rather than listening to the moaning and whining of one particular group of special interests in that community. The report includes the following chart:
The report from the LSE goes even further, highlighting what a disaster policies that focus on ratcheting up enforcement have been in terms of actually having an impact on the overall industry. It also points out that the industry tends to rely on studies it created itself. The report also highlights the growth of things like Creative Commons, and how tools like Soundcloud have resulted in massive output in creativity as people build new works. Its key recommendation is as follows:
We recommend a review of the DEA and related legislation that strikes a healthy balance among the interests of a range of stakeholders including those in the creative industries, Internet Service Providers and internet users. Fitting the digital sharing culture and new forms of cultural production into a copyright enforcement model that is out of touch with today’s online culture will only suppress innovation and dampen growth.It further suggests "broader fair use/fair dealing provisions, proposals for private copying exceptions" and a focus on targeting businesses, rather than individuals for any enforcement actions.
While there may not be much new in this report compared to other reports (including our own), it's great to see this point being highlighted yet again, and from such a prestigious university. Hopefully the point will finally start to sink in with policy makers.