4 ms·

> I'm not aware of any company going under directly because of piracy https://en.wikipedia.org/wiki/Tower_Records#Bankruptcy https://en.wikipedia.org/wiki/Towe

• ekianjo 5y ago
  You need to read your own links > Factors cited were the heavy debt incurred during its aggressive expansion in the 1990s, growing competition from mass discounters and Internet piracy.[10] Mismanagement, managerial incompetence, and crippling restrictions from the first bankruptcy deal also contributed to Tower's demise.[11] Not just piracy to say the least.
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• 0xedd 5y ago
  Piracy's impact on the digital industry is propaganda. No link has ever been established by factual data. It's just corporations' PR. The Government Accountability Office came out in 2010 with a report that said these numbers “cannot be substantiated or traced back to an underlying data source or methodology.” http://freakonomics.com/2012/01/12/how-much-do-music-and-movie-piracy-really-hurt-the-u-s-economy http://freakonomics.com/2012/01/12/how-much-do-music-and-mov...