Study: Global CD Piracy Trade Tops $4.5 Billion

Piracy grows four percent from last year.

More than one out of every three music compact discs sold in 2003 was pirated, according to the International Federation for the Phonographic Industry (IFPI). Many of the more than 1 billion pirated discs sold came from factories in Eastern Europe, Latin America and Southeast Asia. In unit terms, piracy grew four percent year-on-year in 2003 compared with a 14 percent jump a year earlier.

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