Movie piracy costs US $20.5 billion per year-study�|�Reuters.com: "By Lisa Baertlein
LOS ANGELES, Sept 29 (Reuters) - Movie piracy costs the U.S. economy $20.5 billion per year in lost business, jobs, wages and taxes, according to a study released on Friday by the Institute for Policy Innovation, a Texas think tank.
IPI, which describes itself as a nonprofit, nonpartisan public-policy think tank advocating lower taxes, fewer regulations and a smaller, less intrusive government, said it paid for, designed and conducted the study.
It started with a finding from a study funded by the Motion Picture Association of America, the primary lobbying organization for major Hollywood studios, showing that major U.S. motion picture studios lost $6.1 billion in revenue to piracy in 2005."
tags: control integrity data
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