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The Economic Cost of Piracy - International Chamber of ...
piracy attacks by preparing their ships with security equipment and/or guards prior to transiting a high-risk zone. The total cost of this equipment is between $363 million and $2.5 billion per year. Adding Up the Costs of Piracy From the above calculations, the Cost of Piracy Project estimates
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Annual Global Cost of Piracy Measured in Billions ...
The global cost of piracy, including the cost of piracy off eastern Africa, remains uncertain, with existing assessments providing divergent estimates and conclusions. Studies carried out by RAND Institute and the IMB have estimated piracy costs to range between US$1 and US$16 billion per year, according to the latest UNCTAD report on maritime piracy. The […]
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The Economic Costs of Maritime Piracy - Steamship
large-scale study to quantify the cost of piracy as part of its Oceans Beyond Piracy project. Based on our calculations, maritime piracy is costing the international economy between $7 to $12 billion,2 per year. This report details the major calculations and conclusions made in the study. The project
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The True Cost of Sound Recording Piracy to the U.S ...
Sound recording piracy leads to the loss of 71,060 jobs to the U.S. economy. Music theft also leads to the loss of $2.7 billion in earnings annually in both the sound recording industry and in downstream retail industries. The U.S. federal, state and local governments lose a minimum of $422 million in tax revenues annually due to piracy.
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The Economic Cost of Maritime Piracy
the cost of piracy as part of its Oceans Beyond Piracy project. Based on our calculations, maritime piracy is costing the international economy between $7 to $12 billion,2 per year. This report details the major calculations and conclusions made in the study. The project focuses on
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Piracy off the coast of Somalia - Wikipedia
Due to potentially substantial financial rewards, the report hypothesized that the number of new pirates could swell by 400 persons annually, that pirate ransom income could in turn rise to $400 million per year by 2015, and that piracy costs as a whole could increase to $15 billion over the same period.
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23 Shocking Music Piracy Statistics - BrandonGaille.com
The bottom line, however, is that the theft of music has a tremendous cost. It is estimated that more than $12.5 billion in revenues to musical artists, producers, and songwriters is lost every year due to piracy. Music Piracy. For Americans especially, the cost is devastating.
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Video piracy costs the U.S. $29B per year, study says ...
Global online piracy costs the U.S. economy at least $29.2 billion in lost revenue each year. That’s according to a new study, Impacts of Digital Piracy on the U.S. Economy, which was jointly conducted by the U.S. Chamber of Commerce, the Global Innovation Policy Center and NERA Economic Consulting. “Digital video piracy results in significant losses to the U.S. economy, harming businesses ...
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Number of pirate attacks worldwide 2010-2019 | Statista
This statistic shows the number of maritime pirate attacks per year worldwide 2009-2018. There were 201 such incidents in 2018. statista.com ... Somali piracy - total cost by factor 2011;
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