Study claims online piracy could cost 1.2m European jobs
Thursday, March 18th, 2010
Research commissioned by the International Chamber of Commerce claims that 1.2 million jobs across the EU are at risk in the next five years, due to online piracy.
It suggests that piracy could cost more than €240 billion of revenues from the music, film, TV, software and other creative industries by 2015.
The survey also indicates that the UK could be the worst hit, with a quarter of a million jobs at risk. BPI boss Geoff Taylor has backed the findings: “We’re approaching a tipping point where investment in our talent will dry up due to mass illegal downloading”.
There may be criticism of the research’s methodology if it turns out that the €240bn figure is based on the assumption that every illegal download is a lost sale, though.

