PIRACY CUTTING INTO MUSIC PROFITS

PIRACY CUTTING INTO MUSIC PROFITSMUSIC PIRATES are raking in as much as $2 million each year.  Chief Executive Officer of COSCAP, Erica Smith, says piracy has affected the industry so much, that fewer than 50 music albums are produced annually in Barbados, and fewer than 30 000 units sold every year since numbers peaked in the 1990s.  Piracy of works by Barbadian musicians has grown tremendously over the past decades, with Bajans pirates making record sales on the streets of London, New York and Toronto.Smith brought the issue to the fore earlier today on final day of the Inaugural Diaspora Conference at the Lloyd Erskine Sandiford Centre.
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