Staying in the physical realm, “Greatest-hits” albums were also this week reported to be most likely fake, according to a recent study conducted by the Recording Industry Association of America (RIAA), with as many as 28 of the 36 greatest-hits collections in question proving illegitimate.
Recently the American Association of Independent Music (A2IM) alerted its indie-label members about counterfeit CDs that are currently flooding online retailers and often cost as much as the official versions
Although CD sales accounted for only about 13% of revenue for record labels in the U.S. for the first half of 2016, they accounted for nearly 40% of global revenue for the $15 billion recorded music industry last year, and still make up the bulk of sales in top music markets including France, Germany and Japan, according to the International Federation of the Phonographic Industry (IFPI).
Commenting on behalf of the RIAA, Brad Buckles executive vice president overseeing antipiracy inferred that Amazon expressed a desire to help solve the problem after hearing of its survey results, stating: “Amazon should not be playing host to illegal items that would normally be found on the black market”.
Well he would say that, wouldn’t he?
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