Reid introduces “Copyright Math”, a remarkable new field of study based on actual numbers from entertainment industry lawyers and lobbyists. It’s top shelve fact checking in a time where we take much of the information and data handed to us for granted
The Motion Picture Association of America (MPAA) calculated a $58 billion loss to the US economy annually due to content theft. But when Reid checks the actual figures it appears that although the music industry is losing revenue, movie revenues and TV renevues are up. So were are these losses coming from?
Also, 373.000 American jobs are lost due to illegal content. But data shows the music and motion picture industry only employs 315.000 jobs. This means there is negative employment!
Finally, it has been calculated that each pirated song causes damages in the order $150.000. If an iPod Classic, that can hold about 40.000 songs, is filled with illegal content, that means an $8.000.000.000 loss! Per iPod!
There surely must be something wrong with the math here. Reid checks if the information check out with the actual data and presents it in an extremely funny way.