A recent report from the International Intellectual Property Alliance highlighted the importance of the copyright industries to the American economy.
--- # [](https://www.innovation-asset.com/) - [Decipher®](https://www.innovation-asset.com/products-decipher) - [Services](https://www.innovation-asset.com/products/professional-services-0) - [Resources](https://www.innovation-asset.com/resources) - [Blog](https://www.innovation-asset.com/blog) - [About Us](https://www.innovation-asset.com/about) - [Contact Us](https://www.innovation-asset.com/contact) # Innovation Asset Blog # The importance of U.S. copyright industries by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) The copyright industries contributed $1 trillion to the U.S. GDP and accounted for [6.5 percent of the nation's economy](http://www.latimes.com/entertainment/envelope/cotown/la-fi-ct-intellectual-property-20131119,0,3616966.story#axzz2lDVlRbpR) in 2012, according to a new study by the International Intellectual Property Alliance. This is a new high for the economic contributions of these industries to the U.S. economy. The study defined copyright industries as those "engaged in the creation and distribution of computer software, video games, books, newspapers, periodicals and journals, as well as motion pictures, music, radio and television programming," according to The Los Angeles Times. These fields depend on copyright protection to create value from the works in question. "This study represents a milestone," Steven J. Metalitz, counsel to the IIPA, told The Los Angeles Times. "In order to preserve and enhance jobs, exports and economic contributions, it is critical that we have strong legal protections for U.S. creativity and innovation in the U.S. and abroad." This report comes just before a congressional subcommittee hearing on copyright issues. Many hearings of the same nature will occur over the next several months. The U.S. is seeking to update copyright law to reflect changing realities in content distribution brought about by technological advances, and the IIPA wishes to ensure the value of copyrighted material is acknowledged in any changes made.  ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [November 19, 2013](https://www.innovation-asset.com/blog/the-importance-of-u-s-copyright-industries) ### Subscribe to Email Updates ### Introducing Decipher® ### Categories - [Intellectual Property Management (459)](https://www.innovation-asset.com/blog/topic/intellectual-property-management) - [Commercialization and Licensing (210)](https://www.innovation-asset.com/blog/topic/commercialization-and-licensing) - [Invention Disclosure (201)](https://www.innovation-asset.com/blog/topic/invention-disclosure) - [Innovation Strategy (20)](https://www.innovation-asset.com/blog/topic/innovation-strategy) - [Ideas for Good (6)](https://www.innovation-asset.com/blog/topic/ideas-for-good) - [Innovation Team (3)](https://www.innovation-asset.com/blog/topic/innovation-team) ### News Archives - [January 2013 (26)](https://www.innovation-asset.com/blog/archive/2013/01) - [September 2012 (25)](https://www.innovation-asset.com/blog/archive/2012/09) - [October 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/10) - [November 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/11) - [November 2010 (21)](https://www.innovation-asset.com/blog/archive/2010/11) - [February 2011 (21)](https://www.innovation-asset.com/blog/archive/2011/02) - [July 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/07) - [December 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/12) - [January 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/01) - [March 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/03) ##### Portland, Oregon USA ##### © Innovation Asset Group, Inc. ##### [Privacy Policy](https://www.innovation-asset.com/privacy-policy/) | [Terms & Conditions](https://www.innovation-asset.com/terms-and-conditions/) | [Contact Us](https://www.innovation-asset.com/contact/) -