Movie Piracy Costs Significant Losses in American Jobs, Earnings, Taxes and Output
Source: Institute for Policy Innovation (IPI)
Movie piracy hurts more than just Hollywood pocket books. Groundbreaking research released today by the Institute for Policy Innovation (IPI) is the first to measure piracy’s cost to the overall economy. The findings are astonishing:
- 141,030 jobs – new jobs lost
- $5.5 billion – lost annual earnings among U.S workers
- $837 million – lost annual tax revenue
- $20.5 billion – lost annual output to all U.S. industries
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This entry was posted
on Tuesday, October 3rd, 2006 at 10:59 am and is filed under Business and economics, Crime, Legal and law enforcement, Media and entertainment.
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