Reuters: Net piracy has five more years of growth – study

Updated
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“The report by Informa Media said global Internet music sales, which includes sales of CDs from retail Web sites such as Amazon.com (NasdaqNM:AMZN – News) and song downloads from services such as Apple Computer Inc.‘s (NasdaqNM:AAPL – News) iTunes, will reach $3.9 billion by 2008, up from $1.1 billion in 2002.

But the value of lost sales due to CD-burning and downloading free songs off so-called peer-to-peer networks such as Grokster and Kazaa will rise to $4.7 billion in the same period from $2.4 billion this year, the British research firm said.”

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Dennis Lloyd

I'm a passionate, long-time lover of Apple products, and was a civil draftsman and graphic designer before creating the iLounge web site. My prior projects include work for The Los Angeles Times' LATimes.com, and the company Creative Domain, where I developed websites for clients including Columbia Pictures, Disney, Fox Studios, Universal Pictures and Warner Brothers. As the Publisher of iLounge, I direct the site's community forums, photo galleries, iPod User Group, and general business affairs, which have grown under my watch to over sixteen million page views every month. I'm happily married with one daughter, one dog (Rocket the Wonderdog), one cat (Ferris), many iPods, iPhones, iPads, and two turntables.