Browse by Media Hit and Intellectual Property

Intellectual property rights deserve the same protections as physical property rights, said an open letter to Congress from 67 advocacy groups, industry associations and scholars Monday.

On the surface, the idea of free music is great, but the future of the art form depends on how many people will continue to pay for it. Here’s why: Music piracy has cost the recording industry more than 70,000 jobs and $2 billion in lost wages to American workers. According to the Institute for Policy Innovation, piracy equals $12.5 billion in losses to the economy every year.

The leaked slides offer a glimpse into what big-time movie studios are thinking when it comes to their competition. According to a study by the Institute for Policy Innovation, film piracy was costing the U.S. economy $20.5 billion annually.

Aaccording to the Institute for Policy Innovation, about $17 billion and 70,000 jobs are lost every year due to piracy, which is definitely a factor causing our poor economy.

Those who oppose intellectual property rules in FTAs mostly base their rejection on a fundamental opposition to IP rights protections, rather than to the particulars of trade deals, wrote IPI's Tom Giovanetti. 

When digital downloads took off in the late Nineties, file-sharing services blossomed, too. The industry went into a tailspin as music sales virtually halved over the next decade. One 2007 study by IPI estimated that illegal downloading was costing the US economy $12.5bn a year.

Entertainment. This country is enthralled with it to the point of breaking the law.

April 26 is World Intellectual Property Day, recognizing a topic that is increasingly vital and contentious in today's environment of copyright, patent and trademark battles.

The US economy loses $12.5 billion in revenue and other economic measures each year due to piracy in the music industry, according to the Institute for Policy Innovation estimates.