Rich Fiscus
4 Nov 2011 12:50
As the entertainment industry in the US lobbies for PROTECT-IP, the E-PARASITE Act, ACTA, and numerous other legal measures designed to give them control over technology, they have released a report showing why they don't need any of them.
According to the report from the International Intellectual Property Association, whose members include the MPAA, RIAA, Business Software Alliance, Entertainment Software Association, Association of American Publishers, Independent Film & Television Alliance, and National Music Publishers' Association, copyright industries are doing just fine.
In fact they're doing better than fine. The report boasts about how copyright industries are doing better than the rest of the economy.
On the subject of how poor economic conditions are affecting copyright industries, the report says:
For the entire period 2007-2010, the U.S. core copyright industries, in real terms, grew at a compound annual growth rate of 1.10%. During the same period, the total U.S. copyright industries grew at a compound annual growth rate of 1.47%. By contrast, the U.S. economy?s compound annual growth rate over the period 2007 through 2010 was only 0.05%.
As these data suggest, in 2007-2008, the core copyright industries grew at a rate in excess of 2.0% (and the total copyright industries grew at a rate in excess of 3.0%) while the U.S. economy did not grow at all. Subsequently, in 2008-2009, the copyright industries, like the rest of the economy, declined at an annual rate of 2-3%. Finally, in 2009-2010, the copyright industries experienced real growth of 3.4-4.2% while the U.S. economy grew at just under 3%. For the whole period of 2007-2010, the compound annual growth rate achieved by the U.S. copyright industries significantly exceeded the compound annual growth rate achieved by the U.S. economy as a whole.