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A while back there was a newsstory about Lady Gaga who was complaining that illegal downloading was hurting her income, while at the time of the interview she was worth at least 64 million dollars.
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This is the part that irritates me most. The most common argument against piracy is "but we're losing money from it!"
No, you aren't. A pirated album does not translate into a lost sale - if they couldn't get it for free, they probably wouldn't pay for it.