PricewaterhouseCoopers report - Making the Intangible Tangible, the Economic Contribution of Australia’s Copyright Industries

PricewaterhouseCoopers, for the Australian Copyright Council, has released its report Making the Intangible Tangible, the Economic Contribution of Australia’s Copyright Industries, which has found that Australia’s copyright industries in 2007:

• employed more than 837,000 people (8 percent of the nation’s workforce) – up 21 percent since 1996;
• generated $97.7 billion in economic activity (10.3 percent of GDP) – up 66 percent since 1996; and
• accounted for $6.8 billion in exports (4.1 percent of all exports) – up 6.3 percent since 1996.

According to Ms Libby Baulch, Executive Officer, Australian Copyright Council, copyright was vital for innovative businesses looking to develop new products for the Australian market and for export and that “research has shown that intangible assets, such as intellectual property, represent an increasingly significant proportion of most companies’ value.” Libby Baulch said that this report demonstrates, once and for all, that copyright industries are a dynamic part of the modern Australian economy and that copyright provides the infrastructure for innovation and for cutting edge businesses to thrive.

“The facts are that copyright industries have increased their share of GDP and employment over the past decade while other industries such as agriculture, forestry and fishing have gone backwards.”

PricewaterhouseCoopers report - Making the Intangible Tangible, the Economic Contribution of Australia’s Copyright Industries