Industry - Abacus Required

[GhostShip]

This article shows the tactics being employed the same as last year and the year before of making up pretend loss figures while shouting to investors how well you have done.

http://www.p2pnet.net/story/9084

The intellectual property industry and law enforcement officials estimate U.S. companies lose as much as $250 billion per year to Internet pirates.
$250 billion per year is a big number. It is also a fictional one..

Last year, the total worldwide box office revenues for the movie industry were $23 billion, of which the US generated 40% of that amount. Revenues were slightly down from the previous year, which is understandable since the movie industry had been setting box office records an unprecedented dozen or so years in a row. The record industry last year generated a total of $33.6 billion worldwide, down 2% from the previous year. That's a total of $56.6 billion.

So how do these industries lose $250 billion per year when combined they only generated $56.6 billion last year? Even if you take these industries all time annual revenue records, $250 billion per year is almost five time more that they ever earned combined.

The answer is simple. The $250 billion figure was simply made up.

I am disappointed the broadsheet employs such poor journalists to print RIAA/MPAA lies without asking to see the figures and how they where worked out

[SamSeeSam]

Hmmmm. 250....
Piracy in  the US is among the lowest in many countries. 21%.  ****IF**** we are to believe (Ya right ) these figures, then about 1.2 trillion dollars is generated by these industries. that's almost 9.3% of the US economy.
I'll bet anything, that this is utterly impossible.
I don't know mabye I am wrong, but No country in this world, as far as I have heard, generates so much money directly from movies and songs. I doubt you could reach that figure even if you put in software as well.