According to a study by the IPI, there is a loss of several billion dollars from US music industries due to music recording piracy. (Siwek, 1) The study also shows a loss of more than 70,000 jobs, and those who do not lose their jobs, lose 2.7 billion in lost potential revenue.(Siwek, 15).
Piracy also causes a loss of content creators and stifles creativity. This is supported by an article on forbes.com, which states that loss of revenue from piracy would lead to marginal projects being scrapped, (Strauss) It is also supported by an article on theguardian.com, where Mark Batey, chief executive of the Film Distributor’s association states that “... when a film is copied or made available online, it reduces the value of that film around the world.…