NBC Study: Measuring The IP Industry

Trying to make its case for protecting copyrights, NBC Universal commissioned a study to measure the economic impact of the “intellectual property” industry on the US economy. “The report estimates that growth in U.S. gross domestic product from 2002-2010 would be reduced from $3.1 trillion to $2 trillion without the contribution of the IP industry. ‘Digital piracy is an issue that goes far beyond illegal downloading of music or movies. Theft and counterfeiting of intellectual property of all types is a serious and growing problem for the U.S. economy. This study provides important empirical evidence of just how much is at stake’.”