ECONOMICS Economic and Ethical Issues of Peer-to-Peer File Sharing and Its Impact on Music Industry Name of the Student Name of the University

ECONOMICS ECONOMICS 5 S 5 ECONOMICS Economic and Ethical Issues of Peer-to-Peer File Sharing and it’s Impact on Music Industry Name of the Student Name of the University Author’s note: Issues of illegal P2P technologies Peer-to-peer (P2P) file sharing technology was pioneered by Napster in 1999. It has been found that, between 1999 and 2008, the annual revenue of the US recorded music industry fell from $12.8 billion to $5.5 billion