File sharing and P2P is most likely one of the most troubling technologies for companies that used to profit over this technology before it was available to the general public. File sharing is the sharing of computer based files such as pictures, videos, audio files, documents and so on. Peer to peer (P2P) File sharing are mostly large files that require a special kind of software to handle those type of files which are known as torrents and they are shared with everyone from a user's library. According to article I have read in the New York Times written by Brian Shelter and Brad Stone called, "Digital Pirates Winning Battle With Studios", they discuss how Hollywood has been affected since the BitTorrent business has become huge. This takes away from Hollywood's profits as well as the ability to produce movies because the money is distributed almost evenly up to what Hollywood makes in the pirate business.
A popular example of P2P File sharing is LimeWire. LimeWire which was a P2P File sharing software that was created in 2000 was very popular with a lot of computer owners that wanted free music downloads in a matter of seconds rather than going to the iTunes store or a music store to purchase music. Free music downloads is always preferable with most people because it is free. The main problem with this is that there are no benefits for the musicians and the audio engineers besides exposure. The release of Batman: The Dark Knight is also another example of how P2P File sharing is a problem. By the end of the year since its release, over seven million users worldwide had already downloaded the movie for free using BitTorrent sites and were able to watch it.
Creativity and New Media
11 years ago