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October 16, 2012

Sun-Sentinel cites IPI music piracy study

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Ed Komenda of the Sun-Sentinel cites IPI's music piracy study in the following article about a Delray man who says he profited from piracy for at least seven years. Thanks to global music piracy, the U.S. economy takes a $12.5 billion hit each year.

Komenda writes:

Gregory King told authorities he made a living selling pirated music for seven years - but deputies say his reign ended Saturday at the center of a Lake Worth flea market.

After finding more than 1,000 pirated CDs in King's truck, deputies arrested the 41-year-old Delray Beach man on music piracy charges.

On Sept. 19, the Palm Beach County Sheriff's Office got a tip: vendors were selling pirated CDs at the Lake Worth Swap Shop, a drive-in movie theater and flea market at 3438 Lake Worth Rd.

According to an arrest report, the tip came from Eric Berger, an investigator with Action Investigations. The agency often works with the Recording Industry Association of America to help dismantle music piracy operations across the country.

According to an Institute for Policy Innovation study, music piracy worldwide causes more than $12.5 billion dollars in losses to the U.S. economy, more than 70,000 lost jobs and $2 billion in lost wages among American workers.

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