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6 billion in lost wages and more than $1. It is impossible to accurately estimate how many files are downloaded using peer-to-peer systems, but claiming that each download represents a loss is irrational. Many people download out of curiosity, to check out an artist, which often leads to a sale.
The other side of the story is that sharing music online does not kill CD sales. Although the record labels can legally demand around $150,000 per song, people well known with the cases have said most settlements have been for $2,500 to $7,500.
In conclusion, the topic of whether downloading hurts the industry or not is a very touchy and indefinite one...
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