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Record industry laments $ 4.2 billion in damage

Record industry laments $ 4.2 billion in damage

As the President of the American record industry, Hillary Rosen, announced in a hearing of the American Congress, the record industry loses billions every year due to the industrial production of pirated copies.

Hillary Rosen: 'China, Russia, and Brazil alone pirate over a billion dollars a year '. The global umbrella association of the record industry, IFPI, puts the damage to the music industry worldwide at over 4.2 billion dollars, just through copyright infringement without file sharing on the Internet.