It is a fundamental aspect of human nature that most people will steal something if there is no danger of getting caught. And this is what has happened to the recorded music industry. Most music residing on MP3 players in the world is stolen, it has been downloaded over the internet using peer to peer filesharing. In fact most young people today think that it is quite normal and acceptable to steal in this way and they kick up a fuss when someone tries to stop them.
With the advent of broadband this stealing spread to movies. So now every movie is available online before it is in the cinema. And many millions of people are regularly stealing from the film industry. To these thieves it is the acceptable norm.
Which brings us to games. To a large extent these have the DRM protection of being on a console. Where this breaks down, as in boxed PC games, the market is decimated and the supply of new products dwindles to a trickle.
The thieves make lots of excuses for their thieving. Such as the fact that one incremental copy does not cost the producer anything. But they miss the fundamental moral point that they are benefiting from another person’s work without contributing towards it. And if everyone steals, then who will pay for new music, films and games to be made?
The only way to stop this stealing is to stop the illegal traffic on the internet. It currently comprises well over a half of all internet traffic, so widespread is the stealing. The French have introduced a law that thieves will have their internet connections stopped if they offend repeatedly. This approach is what a lot of governments and a lot of the industries involved want. So if it works in France it will be rolled out to other countries.
This stealing is not victimless, the recorded music industry has been decimated, the film industry is suffering from a huge loss of revenues and the games industry has just about deserted several gaming platforms. All this means people losing their jobs and less content being produced.
In the UK the creative industries contribute £112.5 billion (or 8%) to the economy and provide 1.8 million jobs. It has been researched that half of this is at risk from illegal file sharing. So something has to be done. Peer to peer downloading is the biggest epidemic of theft in the history of mankind. The law has not kept up with the technology and everyone will be a lot worse off until it does.
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
The charity event will be streamed live from Gamescom in August.
Thanks to the slip-up of an artist working on the title, we now have more evidence that a new Injustice game is in the works.
