"Copyright protections provide ownership interests incentivizing the dissemination of original works while ensuring that creators have a mechanism to ensure they are fairly compensated for uses of their works."
"The U.S. Chamber of Commerce's Global Innovation Policy Center (GIPC) reports highlights that copyright-intensive industries account for nearly one-tenth of all U.S. employment."
The GIPC's report, titled "Unlocking Creativity: A Study of the Socioeconomic Benefits of Copyright," emphasizes the vital role of copyright in enhancing economic growth. With copyright-intensive industries contributing nearly 7.8% to the U.S. GDP and accounting for a significant percentage of employment, the study highlights how these protections incentivize original creative works and maintain high production quality. The report reveals a striking trade surplus in digitally deliverable services and warns that piracy threatens potential revenues that could be invested in innovative productions.
Read at IPWatchdog.com | Patents & Intellectual Property Law
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