Principal Stephen Siwek estimates the effects of piracy in study published by the Institute for Policy Innovation.

The Institute for Policy Innovation (IPI) recently published a study written by Principal Stephen Siwek called “The True Cost of Motion Picture Piracy in the U.S. Economy.” The study estimates the harm to the overall economy caused by piracy. In order to illustrate the magnitude of the effect, the paper examines the motion picture industry as a case study. The results demonstrate that motion picture piracy causes widespread economic loss, including lost output, lost tax revenues, and lost employment and lost earnings by employees. The study received wide press coverage and was quoted, among others, in the Daily Variety and the New York Times.