IPI Publication Press Release
IPI Policy Report - # 186
Related Publication Title:
The True Cost of Motion Picture Piracy to the U.S. Economy
Released by Sonia Blumstein on 10/05/2006
IPI Policy Report - # 186
Related Publication Title:
The True Cost of Motion Picture Piracy to the U.S. Economy
Released by Sonia Blumstein on 10/05/2006
Full Text
Executive Summary
Press Release (09/29/2006)
Press Release (10/05/2006)
Media Advisory (09/26/2006)
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For IMMEDIATE RELEASE: Friday, October 5, 2006
Contact: Sonia Blumstein, 205.620.2087 or soniab@ipi.org
(Dallas, TX): The Department of Labor just announced September’s unemployment numbers. According to a report by the Institute for Policy Innovation (IPI), 141,030 of Americans currently unemployed can thank movie pirates for the lack of job opportunities and the inability to share $5.5 billion in earnings.
JOBS – Absent piracy, 141,030 new jobs would have been added to the U.S. economy. Of this total, 46, 597 jobs would have been created in the motion picture industry while 94,433 jobs would have been added in other industries.
EARNINGS – Movie piracy costs U.S. workers $5.5 billion annually in lost earnings. Of this amount, $1.9 billion would have been earned by workers in the motion picture industries while $3.6 billion would have been earned by workers in other U.S. industries.
These findings are published in the IPI report “The True Cost of Motion Picture Piracy to the U.S. Economy”─the first study to analyze the overall effect of the movie piracy upon the overall economy.
"One way lawmakers can help promote employment and help Americans increase their income is by allocating sufficient resources to protect intellectual property rights, particularly as they relate to piracy and counterfeiting,” said Stephen E. Siwek, author of the IPI report and principal with Economists, Inc.
This analysis is the first in a series of intellectual property papers examining the overall economic impact of copyright piracy and patent infringement.
For report copies, visit www.ipi.org or contact Sonia Blumstein at 205.620.2087. The author is available for interview. IPI is an economic, public policy organization based in Texas.
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