Impact Of Intellectual Property Theft And Copyright Infringement

Piracy has become a major issue in the United States. For every motion picture that has been featured in theaters also has been pirated onto the Internet the next day, and for every new musical album that is released, yet there is a free torrent file of the album within the same hour. Even though these online pirates steal music and movies from other companies and make a drastic profit, yet these “rogue” websites receive 53 billions visits a year from across the globe according to Creative America. The persistence of the thieves that break copyright laws of the productions has lead the entertainment business to place a definitive complaint to the U.S. government of the constant notion of piracy. While the notion of piracy was not left

Manufacturers have created firewalls for the system and created encrypted information making it more difficult for the information to be breeched.

Protection of intellectual property are investments based on acquired knowledge, thought and effort by one or multiple individuals on behalf of themselves, the business they work for when the property is created, and a financial investment. Each of these – acquired knowledge, thought, physical effort, financial investment – have a value that can be attached as it relates the usefulness or importance of the resulting product. That value will have a level of importance to the individual(s) creating the product and if applicable, the investor providing the funds in support of the creation.

For a long time we have strived to protect what we have made from the hands of those who steal. Nowadays we have a huge problem with infringement and that is due

An Introduction to the Law and Economics of Intellectual Property Author(s): Stanley M. Besen and Leo J. Raskind Reviewed work(s): Source: The Journal of Economic Perspectives, Vol. 5, No. 1 (Winter, 1991), pp. 3-27 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1942699 . Accessed: 24/11/2011 08:39

1. There are dozens of large companies that produce or fund films that are displayed over the television.

Nowadays, the world of music has become one of the favorite ways to enjoy daily activities with people. Moreover, the technology provides an opportunity to people to learn how to produce music. However, here comes a serious problem with the convenience of the easy accessibility to get the music resources, it caused the problems of indiscriminate use and pirated copyright.

Since copyright music or movies aren't tangible, companies shouldn't use vocabulary like "stealing". Classifying digital software as theft is not something that should be said since media like movies aren't tangible items. The text states, "The problem is that most people simply don't buy the claim that illegally downloading a song or video from the Internet really is like stealing a car...When Industrial Age Bob and Joe started inventing less palpable things, like electricity, stocks, bonds and licenses, however, things got more complicated. What Bob took, Joe, in some sense, still had." The text explains why using words like "theft" and "stealing" wouldn't work when

The World Intellectual Property Organization (n.d.) helps one understand the importance of protecting intellectual property. They have spelled out several reasons of this importance including inventing new works in technology and culture, which allows progress to be made that, can be utilized worldwide. In addition, the legal protection of intellectual property encourages the commitment of additional resources for further modernization. Finally, promoting and protecting intellectual property encourages economic growth. It creates new jobs and industries. Protecting intellectual property also enhances the quality and

Online piracy is commonly referred to as a threat to businesses in the creative industries. The WTO Agreement on Trade-related Aspects of Intellectual Property Rights (a.k.a. “the TRIPS” agreement) defines piracy as:

At present, stealing comprises a much broader kinds of activities than it used to; it would be enough to remember shop-lifting or numerous facts of counterfeit product utilization when intellectual property is stolen against copyright-based laws and regulations. Stealing, therefore, is expanding and spreading; moreover, the very notion of what is stealing becomes modified and fuzzy. What are then the instruments that the consequential approach

Julian Sanchez, research fellow at the Cato Institute, provides an interesting outlook on the issue of piracy, and what should be done. He compares the actions taken in the movie and television industry to prevent piracy by stating:

The system should be able to block attempts and protect its configuration files as well as logs through cryptographic hashing.

Abstract — This paper discusses plagiarism and its many dire consequences in the realm of the computer science academia as well as the software industry.

Intellectual property is critical to many companies in order to foster innovation and boosting their revenues. Many industries rely on the protection of patents, trademarks and copyrights as they are valuable assets for companies’ success. By protecting intellectual properties, it ensures that the original owner reaps full benefits from his/her ideas, features, products and creations.