Movie Piracy Hurts Entire U.S. Economy
Not Just the Motion Picture Industry is Affected
Bye-bye money.
Copyright infringement of audio-visual works costs American workers $5.5 billion annually in lost earnings. And the majority of those losses were not to the motion picture industry. Workers from the local rental store clerk to ad agencies are affected. Specifically, IPI states that "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."
Bye-bye jobs.
Piracy also caused over 141,000 new jobs to not be created in 2005. 94,433 of these non-existent jobs would have been added to industries not related to the motion picture industry.
Bye-bye taxes.
Also, all levels of government lost a combined total of $837 million in tax revenue. Millions of dollars were not able to be collected from personal income taxes and corporate taxes from motion picture businesses.
Piracy hurts us all.
This statement from IPI sums up the affects of piracy. "It is obvious that copyright piracy and counterfeiting harm intellectual property owners... But that is only part of the story. Piracy and counterfeiting also cause significant and measurable harm to the overall economy, directly affecting upstream suppliers and downstream purchasers, with a cascading effect that includes lost output, lost earnings, lost jobs, and lost tax revenues."
Published by Serfronya Wallace
Serfronya Wallace is a wife, mother, and freelance writer. Her husband and she have been home educators for several years. Serfronya writes about home management, frugality, child rearing, and homeschooling.... View profile
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4 Comments
Post a CommentThe main issues i see here is the movies sold are:
1. being sold un-taxed which takes away millions of dollars in taxpayers money
2. Say the industry charged 10$ for a movie and a pirate sells it for 10$ also sure money is still going into the economy but the person who filmed, wrote, stared in and even paid for it isint seeing any of that money.
Piracy isn't intrinsically harmful. If, instead of buying a film, one pirates it, the act is, from a judicial point of view, sort of like robbery; but if one pirates a film that, had they not done pirated, would not have been purchased with their consumer dollars anyway, it really doesn't matter. The real question; are people spending less money on entertainment products because of piracy? I personally don't think so.
where do you reort this to i went to a gas station today the owner of it was selling movies likethe dog hotel and bride wars.you could tell they were pirated by the packaging ,this is totatslly wrong id never by this ever!it like stealing!
While technically true, the point is hazy. Money people aren't spending on movies is being spent elsewhere, creating jobs and tax revenues in the other industry. The only way the piracy would "hurt" the economy is if people decided to save their money instead of spending it elsewhere. And I doubt people are putting more money in the bank because of movie piracy.