Trouble in Movie City
Global piracy cost Los Angeles County manufacturers an estimated $5.2 billion in 2005, according to the Los Angeles County Economic Development Corp.
By CSO Contributor
April 17, 2007 — CSO —
Global piracy cost Los Angeles County manufacturers an estimated $5.2 billion in 2005, according to the Los Angeles County Economic Development Corp. Trade in pirated goods diverted another $2 billion from the region's retail sector. Heres a breakdown of 2005 losses in millions of dollars due to counterfeiting in the area.
Movie production $2,748
Sound recording $851
Apparel, accessories, footwear $617
Software publishing $355
Dolls, toys, games $275
Drugs $132
Aerospace parts, equipment $89
Athletic goods $74
Auto parts $38
Source: Los Angeles County Economic Development Corp., Feb. 2007 report
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