Report: $12 bil lost to piracy

Triplett, William
August 2007
Daily Variety;8/22/2007, Vol. 296 Issue 37, p5
Trade Publication
The article focuses on the issue regarding the impact of global piracy to all industries, which reported that recorded music bootlegging denies more than $12 billion in revenues each year in the U.S. It is stated that piracy in one segment of the economy can affect other industries due to the interlocking system of the economy. The report indicates the serious economic harm caused by the widespread availability of illegal music either via the Internet or on the streets.


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