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MPAA: Film Piracy Costs U.S. Economy $20.5 Billion a Year

Authored by Mark Hefflinger on September 29, 2006 - 2:43pm.
Washington - A new study commissioned by the Motion Picture Association of America (MPAA) finds that movie piracy exacts a greater toll on the U.S. economy that previously projected. While a previous study estimated that DVD and online movie piracy cost the industry $6 billion a year in lost sales, a new report from former Rep. Dick Armey's (R-N.D.) Institute for Policy Innovation think tank -- that also factors in lost jobs, worker earnings and tax revenue -- pegs annual piracy losses at $20.5 billion, 140,000 jobs and over $800 million in tax revenue.
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