Piracy Essay Example | Topics and Well Written Essays - 250 words

Piracy - Essay Example Practicing piracy may bankrupt a business and may causes human lives thus it should not be supported. Piracy may cause the business go bankrupt. In the study of Gopal and Gupta (p 1946), they stated that piracy had accounted for a yearly $40 billion revenue losses in software products alone. When this practice of piracy continues, time will come the branded software industry may loss its business. People may not patronize the original software products since counterfeited products may be offered at a lesser price. With the worldwide crisis, the presence of counterfeited products may suit the budget of the customers. In a Billboard news report, Tony Fernandez, Chairman of the local music industry in Malaysia gave a warning that the music industry might be destroyed for the next twelve months by piracy. He further noted that major departments in the country had closed as a result. He explained that business is impossible to continue and flourish if they stay to â€Å"bleed† (Pat rick, p 47) as a result of decrease in sale of their legal products. In the sector of online infringement, piracy as a result of file sharing had in turn affected the sale of CD’s to decrease.