Which will be employed, I am sure, to talk about digital downloads, too: Piracy robs L.A. economy, study says - pdf
Pirates are pillaging Los Angeles’ economy.
At least that’s what a publicly funded study to be released today concludes, making the case that bootleg DVDs, CDs, prescription drugs and other merchandise such as handbags cost nine industries across Los Angeles County more than 100,000 jobs and about $5.2 billion in lost sales in 2005.
Conducted by the Los Angeles County Economic Development Corp., the study lists the motion picture industry as accounting for about half the losses â€” $2.7 billion â€” followed by the recording industry, which sustained $850 million in losses, according to the report.
[...] The spread of piracy in Los Angeles and elsewhere is partly related to gangs, officials say.
Det. Rick Ishitani, one of six detectives with the LAPD’s anti-piracy unit, said gangs were moving into the counterfeiting business because the profits were so high. A counterfeit DVD costs only about 50 cents to produce, he said, but sells for at least $5 on the street.