The Size and Shape of Online Piracy
As ITIF has demonstrated, the Internet has been a key driver of global growth while also providing consumers with vastly more choice and convenience. But it also has enabled the growth of piracy of digital content. Past research has shown that almost a quarter of global Internet traffic is attributable to copyright-infringing content, while online piracy costs the U.S. economy $22 billion annually. However, the nature of piracy is constantly evolving as those peddling infringing content adapt to new technologies and business models. At this event, industry analyst David Price will unveil a new study that examines the size and scope of global Internet piracy, including a look at its impact on broadband networks, the number of users downloading infringing content, and current trends in monetizing these illicit digital goods. The event will include opening remarks from U.S. Senators Orrin Hatch (R-UT) and Sheldon Whitehouse (D-RI), co-chairs of the Congressional International Anti-Piracy Caucus.