MPAA: Piracy Costs 140k Jobs Per Year $20.5 in lost revenue, and $800 in lost tax revenue Friday Sep 29 2006 17:37 EDT The film industry is in Washington DC with a new study, trying to convince lawmakers of the irreparable harm film piracy does to the American economy, reports the Washington Post. This newest study, funded by the MPAA and distributed by former Conservative Rep turned think-tanker Dick Armey, claims "movie piracy causes a total lost output for U.S. industries of $20.5 billion per year, thwarts the creation of about 140,000 jobs and accounts for more than $800 million in lost tax revenue". According to the study, 38% of piracy occurs on the Internet - with counterfeit DVDs accounting for the rest. |
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140.000 jobs....Or just one yacht for Dick Armey or any of a hundred overpaid Hollywood executives. | |
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