The European Union Intellectual Property Office has just released a report on the economic costs of IP rights infringement in the recorded music sector.
The main finding of the study is that in 2014, the recorded music industry lost approximately €170 million of sales revenue in the EU as a consequence of the consumption of recorded music from illegal sources. This total corresponds to 5.2% of the sector’s revenues from physical and digital sales. These lost sales are estimated to result in direct employment losses of 829 jobs.
Further information along with the full text of the report is available here.