Article take the issue of the adequacy of the formal institutions of intellectual property rights in an era of global Internet society. Research area for this subject are information goods such as films and TV shows. In the center of the discussions is the problem of adapting formal institutional arrangements for informal standards of information goods copying via the Internet. The article highlights the problem of inconsistencies social norms with legal norms and the difficulties of implementing the formal institutions in an environment that has no physical barriers. Aim of the article is to present the scale of unauthorized copying of selected information goods and to consider the role of copyright in this phenomenon. This aim is connected with the hypothesis that the institution of copyright is not adapted to global communication taking place via the Internet.