The True Cost of Sound Recording Piracy to the U.S. Economy
Siwek, Stephen E.
Institute of Policy Innovation, IPI Policy Report #188, August 2007, 28p
"Piracy of recorded music costs the U.S. sound recording industries billions of dollars in lost revenue and profits. These losses, however, represent only a fraction of the impact of recorded music piracy on the U.S. economy as a whole. Combining the latest data on worldwide piracy of recorded music with multipliers from a well established U.S. government model, this study concludes that recorded music piracy costs American workers significant losses in jobs and earnings, and governments substantial lost tax revenue." Stephen E. Siwek is a principal with Economists, Inc. and a specialist in financial and cost analysis.
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B14/06-07 - Posted November 21, 2007