3 Count: Growth Industry

3 Count: Growth Industry Image

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1: Megaupload Settles Copyright Suit With Porn Studio

First off today, file hosting site Megaupload has settled its ongoing case with pornography company Perfect 10. The details of the settlement were not announced but both sides, in a joint request, asked the judge to vacate and earlier victory for Perfect 10. Perfect 10 sued MegaUpload claiming that the site enabled and encrouaged users to illegally share their content. However, the case despite early victories for Perfect 10, the case had started to go bad for the company with the judge hinting that Megaupload had no obligation to hunt down suspected pirates. However, this may not be the end of Megaupload’s worries as the RIAA listed Megaupload as a company that profits from piracy in a report to the United States Trade Representative.

2: Piracy May Boost Sales, Judge Concludes

Next up today, a Spanish judge, in a case dealing with it pirated physical goods, says that it is impossible to prove how much harm the piracy caused the original copyright holder and that, in many cases, piracy may actually help sales by introducing people to new work. As such, he denied the copyright holder in that case compensation. Spanish law, however, works very differently from U.S. law where damages do not have to be proved in such cases as statutory damages apply and can range from $750 to $150,000 per infringement.

3: Copyright Industries Provided $931 Billion to U.S. Economy in 2010, According to Study

Finally today, a new study from the International Intellectual Property Alliance found that the U.S. Copyright industries added some $931 billion to the U.S. economy, or about 6.4% of the entire nation’s GDP. According to the study, some 10.6 million Americans have jobs that depend on the copyright industries, including some 5.1 million who are directly employed. Even more interesting is that the industries outperformed the U.S. economy during the recession, growing at a rate of 1.1% where the economy grew on .5% from 2007 to 2010.

Suggestions

That’s it for the three count today. We will be back tomorrow with three more copyright links. If you have a link that you want to suggest a link for the column or have any proposals to make it better. Feel free to leave a comment or send me an email. I hope to hear from you.

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