Piracy threatens Europe's creative industries, Study predicts related loss of 1.2 million jobs by 2015.
March 17, 2010, 05:44 PM ET
NEW YORK -- The creative industries are "a crucial source of jobs and growth" in Europe, but are under threat from piracy, according to a study released Wednesday.
Industry union representatives used the findings to call for increased regulatory protections for the entertainment sector.
The study predicts piracy-related losses of as many as 1.2 million jobs and ?240 billion in retail revenue by 2015 in the creative sectors most impacted if current trends continue and no significant policy changes are put into place.
In 2008, the most affected parts of the creative industries, namely film, TV, recorded music and software, experienced retail revenue losses of ?10 billion and lost more than 185,000 jobs due to piracy, the study found.
It was presented by Paris-based economics firm Tera Consultants at a press conference in Brussels.
http://www.hollywoodreporter.com/hr/...41330fb165f02c
Funny thing is that 1.2 milion wellfare checks will have to be paid by...the downloaders in the end thru taxes
