Not only did the LSE lecturers fail to provide the proper context for the Danaher et al conclusions, they also missed what I believe to be the most important issue of all when it comes to ad supported pirate sites (which is all the big ones).
There are no lost sales. All sales are monetized. If they are going to analyze the economics of file barter, they should take a hint from Google’s UK policy manager: Ad supported piracy is big business.
And none of the money flows to the artists. Including the knighted ones who as a group probably added a zero to the UK GDP–and that is something that the London School of Economics should be able to actually measure accurately.
In case you were interested in what Professor Danaher actually said in his team’s study, you can watch this video from Canadian Music Week:
READ THE FULL POST AT MUSIC TECH POLICY: