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.