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The Pirate Bay 'Spectrial' Day #8 - Record Exec Takes the Stand

By soulxtc

John Kennedy, Chairman and CEO of IFPI, says the BitTorrent tracker site has caused ?significant damage to the music industry as a whole," rebutting arguments that file-sharing actually benefits the music industry. After a day of rest the trial against The Pirate Bay resumed today with John Kennedy, Chairman and CEO of the International Federation of the Phonographic Industry (IFPI) taking the stand. Kennedy said The Pirate Bay had eroded legitimate music sales, harmed the environment for legitimate services, damaged the marketing plans of music companies and disrupted the flow of investment into new music. He said the BitTorrent tracker site harms music copyright holders in a number of distinct ways. "It deters people from buying music online, as well as new ventures and retailers wanting to enter the digital music market," he said.

Full post as published by ZeroPaid on February 25, 2009 (boomark / email).