2024-07-24 18:20:05
Industry numbers of piracy contested market data

Hollywood Says Piracy Has Ripple Effect – washingtonpost.com:

Given those facts, the study says, movie piracy causes a total lost output for U.S. industries of $20.5 billion per year, thwarts the creation of about 140,000 jobs and accounts for more than $800 million in lost tax revenue.

It’s important to remember, however, that even though piracy prevents money from reaching the movie industry, those dollars probably stay in the economy, one intellectual property expert said.

“In other words, let’s say people are forgoing paying for $6 billion in movies by downloading or consuming illegal goods but end up spending that $6 billion on iPods, computers and HDTV sets on which to watch the movies, which leads to $25 billion in job creation in the computer/software/consumer electronics field,” Jason Shultz, staff lawyer at the Electronic Frontier Foundation, wrote in an e-mail.

According to the L.E.K. study, 38 percent of all movie piracy occurs on the Internet, with counterfeit DVDs accounting for the rest.

Sorry, the comment form is closed at this time.