The recording industry is not being hurt by pirated music as they would like you to believe.  Here's an excellent write-up on the recent news that's come out that the Australian recording industry is hiding numbers showing that they've had their best year ever so that they can trumpet the anti-piracy claims.

And a new study by researchers at Harvard and N. Carolina states that even high levels of file-swapping seemed to translate into an effect on album sales that was "statistically indistinguishable from zero."

Music Industry NOT In A slump