The U.S economy is losing $12.5 billion annually to music theft, reports IPI.
As word of a tentative new trade pact between the U.S. and Mexico surfaced Monday, several associations urged the White House to keep Canada in the agreement too.
The Institute for Policy Innovation has said it is "critical" that "any revision of NAFTA includes strong, updated protections for IP goods and services."
If the new North American Free Trade Agreement (NAFTA) doesn’t improve intellectual property protections, then it’s not a better deal, according to the Institute for Policy Innovation (IPI).
What is piracy’s cost to the content community? Estimates vary widely but in the US they’ve seen numbers ranging from the $6.1 billion a year suggested by the MPAA and LEK Consulting to $20.5 billion annually in costs to the broader US economy, per a MPAA-commissioned study by the Institute for Policy Innovation in 2006.
The Senate Judiciary Committee unanimously voted Thursday to advance the nomination of White House Intellectual Property Enforcement Coordinator Vishal Amin to the full Senate. The move also drew praise from BSA|The Software Alliance, the Institute for Policy Innovation and the U.S. Chamber of Commerce's Global Intellectual Property Center.
Vishal Amin has been unanimously approved as White House intellectual property enforcement coordinator (IPEC) by the Senate judiciary committee. IPI welcomed Amin’s confirmation and thanked the Trump administration and Senate judiciary committee for moving the nomination.
Claims about the economic impact of piracy are hotly contested.
Its business model was welcomed by the music industry which has suffered losses in revenues and album sales due to music piracy over the Internet. Spotify allows users to either stream music for free if they are willing to listen to advertisements, or pay a subscription fee for a premium service, meanwhile paying royalties due to artists and record companies.