West Coast copyright owners lost $5.2 billion in 2005 to piracy

March 2007

Film, record labels

A new study conducted by the Los Angeles Economic Development Corporation (LAEDC) says that global piracy and counterfeiting has cost Los Angeles-area companies $5.2 billion and the city at least $483 million in tax revenues in 2005. The report points to losses in local revenues, jobs, wages and taxes due to piracy citing the entertainment industries as the biggest victims.


No Comments

Comments are closed.