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P2P pirates cost music $69 billion – claims

The value of unlicensed music trafficked on P2P networks in 2007 was $69 billion, according to new MultiMedia Intelligence research, though the researchers warn the value shouldn’t be seen as lost revenue but instead reflects the “fair value” on a per–track basis of traded music files.

“A $69 billion figure is staggering to contemplate, but it effectively illustrates the impact of piracy on the music industry,” according to Rick Sizemore of MultiMedia Intelligence.

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