One of Radiohead’s guitarists, Ed O’ Brien, spoke out on internet piracy on music and says it doesn’t hurt the music industry at all. I agree with him. He makes a point that pirates don’t spend their money on albums, that they rather get their music for free online, while pirates would rather spend their money on concert tickets, t-shirts, etc.
More on it here:
Honestly, I always knew that piracy didn’t hurt the music industry. Around the Napster free days, I was downloading songs from Napster for free all the time back then before Lars Ulrich came around and started this war against Napster.
I always saw people downloading songs for free as a way to promote a music artist. It helps gets the artist recognized.
I don’t pirate music at all now ’cause I don’t want to get sued by the RIAA.