You will be redirected back to your article in seconds

Piracy in Europe costs $13.7 billion

More than 185,000 jobs may have been lost

BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce.

If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains.

Study, covering physical and digital piracy of movies, TV series, recorded music and software, was carried out by Tera Consultants in Paris.

The economic impact for the European Union was extrapolated from existing data for the U.K., France, Germany, Italy and Spain. Job losses were in turn calculated from this lost revenue, rather than distinct employment data.

In a worst-case scenario, the study predicts $328 billion in lost retail revenue and 1.2 million lost jobs from piracy by 2015.

A more conservative estimate, based on continuing trends for file sharing, puts the losses at $159 billion in retail revs and 600,000 jobs.

Study is likely to feature strongly in lobbying for laws to prevent piracy. European trade orgs have called on policy makers to better protect creative content.

More Film

  • SPENCER LOCKE as Melissa Rainier in

    CineAsia: Sony Applies Haptic Technology to 'Insidious: The Last Key' (EXCLUSIVE)

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

  • Star Wars: The Last Jedi

    'Star Wars: The Last Jedi' Rockets to Dominant Social Media Buzz

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

  • Oscars 2016 Red Carpet Placeholder

    Oscars: 10 Live-Action Shorts Advance in Race

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

  • The Black List

    Post-World War II Revenge Thriller 'Ruin' Leads 2017 Black List

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

  • Rupert Murdoch Bob Iger Disney Fox

    Disney Nearing Finish Line With 21st Century Fox as Comcast Bows Out of Acquisition Hunt

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

  • Ryan Lizza Fired

    CNN Suspends Ryan Lizza After New Yorker Cuts Ties for 'Improper Sexual Conduct'

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

  • Steve Beeks Lionsgate

    Veteran Executive Steve Beeks Departing From Lionsgate

    BRUSSELS — Europe’s creative industries lost E10 billion ($13.7 billion) in retail revenue in 2008 because of piracy, according to estimates released by the Intl. Chamber of Commerce. If these losses were passed on to the workforce, more than 185,000 jobs would have been lost in the creative industries and associated businesses, the ICC maintains. […]

More From Our Brands

Access exclusive content