Anyone reading this should be familiar with my feelings for the recording industry. (Anyone who doesn't feel similarly is wrong.) Anyway, I was delighted to see Ars Technica posted a study into the effects of P2P on music sales. Their findings effectively refute everything the RIAA has claimed about the insidious internet pirates.
"Using detailed records of transfers of digital music files, we find that file sharing has had no statistically significant effect on purchases of the average album in our sample," the study reports. "Even our most negative point estimate implies that a one-standard-deviation increase in file sharing reduces an album's weekly sales by a mere 368 copies, an effect that is too small to be statistically distinguishable from zero."
The report claims that the decrease in album sales is caused by a decrease in demand on the part of retailers who don't want a surplus of CDs sitting on their shelves any more. People are also buying more DVDs. (Suck on that, move industry.) The most interesting fact from the study, however, is that for popular music, increased P2P downloads also increased album sales.
Speaking of music downloads, a super hot new blog seems to have shown up on these intertubes. Check it out here. Many fun things to be seen, and of course, free music.
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