P2P

Peer-to-peer file sharing has been around since the beginning of the internet. Literally millions of  people have been doing this for years. Some share files with their friends innocently, while others purposely leak information out to the whole world. This P2P file sharing has been an issue that has been crippling the music industry and has required to the industry to completely change how it's run. As we know the music industry used to rely on physical album sales for revenue but thanks to the internet all of that has changed. P2P file sharing software including LimeWire and FrostWire allowed for people to post up any files they wished to upload onto a database that allowed anyone from the world to access and download the files. This cause a problem in the music industry because as soon as an album would be released to the public, you would see hundreds if not, thousands of files being shared among the public which of course lead to a huge loss in revenue. Major record labels are actually dying out which is why we see a new age in the music industry. Welcome to the age of streaming services! Which were created specifically to combat piracy and P2P file sharing. It allows for customers to have access to literally any song they want for a small monthly fee.