Intellectual property experts are analyzing the sales of various levels of intellectual products to assess the impact on them of infringing material. One of the comprehensive reports shared on UMIP website, the branch of University of Manchester, concentrating its efforts on intellectual property management, gives quality insights on the dynamics of impact of infringing material. So what is it all about?
So the research claims that:
- The average income of the music industry, despite the actions of pirates and serious losses of individual companies continues to rise – in 2009 by 5% compared to 2008, and by 14% in 2013; primarily due to the live performances, the growth of international licensing and some stabilisation in the market of recording;
- Sales in the publishing business either grow or maintain their performance during the 2004-2013 period;
- Video sector also keeps a stable level of income, and seems to get recovered after the recession in Europe and North America.
Nevertheless, the researchers recorded the reduction in funding new projects in the creative sectors of the economy. Most often, it raises concerns about the possible impact of piracy on the future earnings and investments. Although well established that violations of intellectual property rights is not so devastating impact on economic performance, as it is sometimes portrayed. Continue Reading