A study by the International Intellectual Property Alliance says that if America isn’t careful, the music industry's piracy problems will hit the movie business. The study suggests that those industries are responsible for far more of the country's economic gains than is widely believed — more than 25 per cent of the US economic growth.
"The US creative industries are key to the growth and recovery of our ailing economy," said Dan Glickman, chairman-CEO of the Motional Picture Association of America.
The industries also suggested continued piracy in some countries is affecting the ability to make and distribute "art." Jean M. Prewitt, president-CEO of Independent Film & Television Alliance, said that piracy is sapping distributors' willingness to invest in movies, citing Spain and its rampant piracy as one example.