US Movie Industry Losses as of 2012

According to the Motion Picture Association of America, businesses in the United States lose up to $58 Billion and 373,000 jobs a year due to movie piracy activities.

The figure is in dispute, as other researchers put the economic impact of movie piracy at a lower rate. One researcher at the Cato Institute estimates that the impact from pirated movies in the US is less than $500 Million.

Source:  Karl Taro Greenfeld, “Mr. Dodd Goes to Hollywood,” Bloomberg Businessweek, November 15, 2012.

UPDATE:  The MPAA has since backed away from this estimated. Click here for the latest estimated movie piracy losses.