The use of torrents is a popular means of getting downloads of music and other forms of multimedia for the file-sharing online community. All you have to do is downloading a torrent client, getting the .torrent file for the song and voila! Within an hour or so, you may have the whole album.
Many authorities have come forth in indignation, condemning of the system by saying that the music industry is being killed by the resulting decline in revenues, emerging from the users opting for the free versions of the new releases of the songs. As a matter of fact, the torrent sites have come under fire from the players in the entertainment industry, with several domains being seized by governments around the world. Torrents have become basically what electronic cigarettes are to tobacco. A huge thorn in the side. (To learn more about electronic cigarettes, check out these guy’s blog)
To assuage the resulting guilty feeling of obtaining premium merchandise for free, the downloaders had the justifications that the artists were making a fortune from tours and in the endorsements they got in the limelight. Others were less remorseful and more appreciative of the fact that they were the ‘gurus’ who could work miracles on the internet, to get the files they needed online.
However, the effects of this file sharing system may be doing more good than harm for the industry. It has long been the dream of many a music fanatic to access free music. When the torrenting bug first bit the millions upon millions of internet users, the artists did not have a way of earning money on the songs off the sites like LimeWire or FrostWire. The users, on the other hand, were relentless in their downloads, getting fresh albums as soon as they were released. It turns out that this was only a step in the way.
Matt Mason, the executive director of marketing, said that the file-sharing site is working on a way to make money off the phenomenon. According to him, ‘the hustle is changing’; what with the firm’s work with Tim Ferriss and DJ Shadow, in a bid to monetize the popular download forums for the good of both the fanatics and other big names in the industry.
Some sites, such as Spotify, sprang up, in an effort to address the disparity. For a small royalty fee to supplement what the artists were making on their tracks and labels, the users would get access to deluxe releases of the songs. This idea has bettered the situation, since the fans who had previously felt guilty cheating their cherished artistes off their hard work are contributing to their career development through the royalties.