IPI Claims Piracy Costs The US $12 Billion & 71,000 Jobs Annually
The Institute for Policy Innovation (IPI), a Texas concern, claims that global piracy of recorded music costs the United States $12.5 billion in economic output and 71,060 jobs annually. According to their report, “The True Cost of Sound Recording Piracy to the U.S. Economy,” every year the U.S. workers lose an estimated 71,060 jobs and $2.7 billion in earnings. Of the 71,060 jobs, the report states, 26,860 jobs would have...
MTV’s Urge and RealNetwork’s Rhapsody To Merge
Viacom’s Urge will merge it’s download store with RealNetworks’ Rhapsody according to reports. MTV’s Urge has gained very little traction since its debut last year in a partnership with Microsoft. So the real winner here is clearly RealNetworks who will get to use the MTV brand and television reach to their advantage. RealNetworks desperately wants to give Rhapsody, a $12.99 per month subscription service, a...
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