A new study by TERA Consultants has found that the music, film, television and softwware industries in UK, Germany, France, Spain and Italy lost 10m euros and 186,000 jobs in 2008 because of piracy.
The study predicts that at the current late of loss, a further 1.2 million jobs and 240bn euros could be lost by 2015.
Factors contributing to these alarming statistics include increasing bandwidth and rapidly growing Internet penetration in Europe.
(Source: Cineuorpa)
