Comms 101 Project Outline

Comms 101 Project Outline - Dan Lopez Eric Schneck Chris...

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Dan Lopez Eric Schneck Chris Huntsman Anya Maksimkina Nate Perkins Is downloading music hurting the music industry? – YES Introduction Companies exist to maximize profits Personal and class illegal downloading – Est. $238 Million owed from BYU students Statistics regarding illegal downloading $12.5 billion in economic loss $422 million in tax revenue $291 million in personal income tax $131 million in lost corporate income and production taxes Graph showing decline in album sales since the advent of Napster Who in the music industry is affected? Artists, Producers, Workers, Companies 71,000 lost jobs $2.7 Billion in workers earnings Tower Records, FYE, Virgin Record closed down stores Video relating illegal downloading and a storeowner Failed attempts to recover economic losses Music world increasing in: New bands – easy exposure for independent artists Customization – purchase songs not album Definition of industry “Industry refers to the production of an economic good within an economy”
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Comms 101 Project Outline - Dan Lopez Eric Schneck Chris...

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