Companies that rely on fair use generate $4.7 trillion in revenue, according to a study released today by the Computer & Communications Industry Association.
That's about a quarter of the U.S. economic growth. The report concludes that fair use -- an exception to the copyright law that allows limited use of copyrighted materials -- is crucial to new innovation.
CCIA came out with the study a day after Intellectual Property Day, during which content companies, including Hollywood and music studios, said more protections against piracy are needed.
A report released yesterday by the U.S. Chamber of Commerce concluded that more aggressive protections for copyrighted and patented work is necessary to spur economic growth and job creation.
