What Piracy? The Entertainment Industry is BOOMING! | TorrentFreak economics/Hírek/market data

We’ve pointed it out numerous times in the past. Despite the rampant piracy, Hollywood and other entertainment industries continue to break revenue and sales records year after year.

In an excellent report commissioned by the CCIA, Techdirt’s Mike Masnick has has made an excellent overview of how well things go in the various entertainment industry sectors.

The report titled “The Sky is Rising” was presented at the MIDEM music business conference earlier today.

A summary of some of the key findings:

* According to MPAA, box office revenues grew 25 percent from 2006 to 2010 from $25.5 billion to $31.8 billion.

* Data from PricewaterhouseCoopers and iDATE show that from 1998-2010 the value of the worldwide entertainment industry grew from $449 billion to $745 billion.

* From 1999 to 2009 music concert sales in the US tripled from $1.5 billion to $4.6 billion

* Consumers’ choices growing as more movies are produced jumping from 5,635 films produced globally in 2005 to 7,193 in 2009.

* BLS data also show entertainment sector employment also grew 20 percent during that last decade and 43 percent for those identified as independent artists.

In addition to statistics, the report also lists many of the case studies that we’ve covered here at TorrentFreak, from Paulo Coelho to Louis CK.

In large part, the report is meant to counter the entertainment industry claims that their businesses have been ruined by piracy, and that the Internet has to be monitored and censored.

via What Piracy? The Entertainment Industry is BOOMING! | TorrentFreak.We’ve pointed it out numerous times in the past. Despite the rampant piracy, Hollywood and other entertainment industries continue to break revenue and sales records year after year.

In an excellent report commissioned by the CCIA, Techdirt’s Mike Masnick has has made an excellent overview of how well things go in the various entertainment industry sectors.

The report titled “The Sky is Rising” was presented at the MIDEM music business conference earlier today.

A summary of some of the key findings:

* According to MPAA, box office revenues grew 25 percent from 2006 to 2010 from $25.5 billion to $31.8 billion.

* Data from PricewaterhouseCoopers and iDATE show that from 1998-2010 the value of the worldwide entertainment industry grew from $449 billion to $745 billion.

* From 1999 to 2009 music concert sales in the US tripled from $1.5 billion to $4.6 billion

* Consumers’ choices growing as more movies are produced jumping from 5,635 films produced globally in 2005 to 7,193 in 2009.

* BLS data also show entertainment sector employment also grew 20 percent during that last decade and 43 percent for those identified as independent artists.

In addition to statistics, the report also lists many of the case studies that we’ve covered here at TorrentFreak, from Paulo Coelho to Louis CK.

In large part, the report is meant to counter the entertainment industry claims that their businesses have been ruined by piracy, and that the Internet has to be monitored and censored.

via What Piracy? The Entertainment Industry is BOOMING! | TorrentFreak.