The True Cost of Sound Recording Piracy to the U.S. Economy
by Stephen E. Siwek on 08/21/2007
28 Pages
“Piracy” of recorded music costs the U.S. sound recording industries billions of dollars in lost revenue and profits. These losses, however, represent only a fraction of the impact of recorded music piracy on the U.S. economy as a whole. Combining the latest data on worldwide piracy of recorded music with multipliers from a well established U.S. government model, this study concludes that recorded music piracy costs American workers significant losses in jobs and earnings, and governments substantial lost tax revenue.
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