Movie piracy costs industry, economy, says new report

    A report released late last month from the Institute for Policy Innovation focuses on the broader damage of movie piracy.
    Author:
    Publish date:

    Lost annual output to all U.S. industries as a result of movie piracy exceeds $20 billion, according to a recently released report from the Institute for Policy Innovation (IPI).

    The report, “The True Cost of Motion Picture Piracy to the U.S. Economy,” was released Sept. 29 at the U.S. Chamber of Commerce’s third annual anti-piracy and counterfeiting summit.

    Among the findings:

    • 141,030 in new jobs lost to movie piracy;
    • $5.5 billion in lost annual earnings among U.S workers;
    • $837 million in lost annual tax revenue;
    • $20.5 billion in lost annual output to all U.S. industries.

    The research is available in its entirety from the IPI Web site: www.ipi.org.

    Related

    People

    Scouts Take on Piracy War

    Boy Scouts can now "Be Prepared" for the fight against piracy with a new merit patch designed to teach Scouts of the dangers of illegal downloading and smuggled DVDs. The Los Angeles area Boy Scouts of America organization worked with the Motion Picture Association of America to create the curriculum. Dan Glickman,

    News

    Norwegian cleared of DVD piracy

    An Oslo appeals court has cleared a 20-year-old Norwegian man of DVD piracy charges in a new legal setback for Hollywood motion picture and television studios.