The organizations claim that the entertainment industry loses as much as $250 billion per year to Internet piracy due to downloads of movies, music and video games. Such hot titles as "The Da Vinci Code" and "Grand Theft Auto" were used as figures showing huge losses in their respectful genre. Revenue from the entertainment business is said to account for 6% of the United States Gross National Product, tipping the scales at $626 billion. The RIAA and MPAA claim that the losses they incur from Internet theft could eventually have a detrimental effect on the US economy.
In the aftermath of The Pirate Bay raid, Swedish politicians have been quoted as saying that the US should keep to matters that involve the US. With recent developments of The Pirate Bay's move to the Netherlands to regroup in an astounding 3 days and their impending lawsuit against Swedish officials, it remains to be seen what kind of effect the US may have on other file sharing entities.
Source:
The Washington Post
Written by: Dave Horvath @ 15 Jun 2006 18:54