Two people have been arrested on suspicion of selling hard drives containing hundreds of thousands of chart-topping music and videos.
City of London Police say the value of the music on just one of the drives is thought to be worth more than £350,000.
A 55-year-old man and a woman, aged 39, from Bury, were arrested at their home in the town by officers from the force, with support from Greater Manchester Police.
The case was referred to police by the BPI - the music industry's trade association.
The couple are believed to have been selling hard drives filled with up to 200,000 files of copyrighted material including full music tracks, karaoke tunes and music videos.
Head of the Police Intellectual Property Crime Unit (PIPCU), Detective Chief Inspector Daniel Medlycott said: "Our creative industries are incredibly important; not only are we recognised worldwide as producing great films, TV and music but these industries are playing a large part in supporting our country financially, contributing a huge £71.4bn to the UK economy and supporting 1.7 million jobs.
"The vast majority of people who work in the music and film industries are not making vast amounts of money and we have a responsibility to protect the industries they work in."
BPI director of content protection David Wood said: "Counterfeiting criminals who believe music piracy is a low-risk activity that carries no penalty are flawed in their views.
"Put simply, it is illegal and it will not go unseen by the eyes of the law.
"Anyone trying to build a business on the back of someone else's ideas or copyright should ask themselves if making a quick buck at the expense of musicians, local businesses - and indeed their own future - is really worth it."
The PIPCU unit - launched in 2013 and funded by Government - is being given an extra £3m so it can run until 2016.
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