Is P2P Going Legal?

The major recording and movie studios (studios) have faced an increasingly serious problem over past few years: they are losing billions of dollars in their sales of CDs and DVDs.

A large part of the problem is copyright piracy. For example, Russia was recently placed on the USA’s official piracy watch list, as US businesses have lost an estimated US$6 billion in the past five years due to Russia’s illegal production of CDs and DVDs (the problem is exacerbated in Russia by it’s cash-strapped military, who have begun turning their restricted military installations into high volume piracy operations, in the full knowledge that Russia’s police don’t have the jurisdiction to stop them—let alone the inclination to raid a military bunker filled with ‘pirates’ carrying Kalashnikovs).