Sarah Jacobsson Sarah Jacobsson – Wed Apr 14, 4:50 am ET
"We've all heard the MPAA and the RIAA whine, whine, whine about how Internet piracy has basically destroyed the movie/TV/software/music/video game industry--citing famous studies that estimate as much as $200 billion and 750,000 jobs lost in a year. But now the government is stepping in and admitting what many kind of suspected--those studies are often misleading.
A yearlong study on the effects of piracy and counterfeiting on the U.S. economy has led the Government Accountability Office (GAO) to this conclusion: it's difficult, if not impossible, to quantify the economy-wide impact."
This is about as surprising as chocolate bunnies on Easter. For anyone who has followed this whole entertainment piracy brouhaha for the last decade or so knows that, while the entertainment industry has been all hyper about the money they're losing, they've been raking in record profits. Now we have some proof that all the noise they have been making is just blowing smoke up our dresses.
Now, I am not for stealing. And don't kid yourself. Downloading the latest Lady Gaga track from some torrent site is stealing. However, it seems that all the entertainment sharing has done nothing but bring more money to the big producers. The only ones getting hurt are the artists themselves.
Just another example of greed.