Commerce Report Highlights Value of IP-Intensive Sectors4/11/2012 2:46 PM Eastern
Broadcasting, cable, satellite and advertising are all IP-intensive industries, part of a group of 75 industry sectors that together account for 27.1 million jobs, or 18.8% of all U.S. employment in 2010, and whose success has a domino effect on employment throughout the economy.
That is according to a new report from the Department of Commerce on the importance of protecting the intellectual property rights of all companies, but especially those on "the leading edge" of the IP economy.
The report came at the behest of IP czar Victoria Espinel, U.S. Intellectual Property Enforcement Coordinator at the White House.
According to the report, those 75 most IP-intensive sectors -- defined as those most dependent on patents, trademarks and copyrights -- provide some $5 trillion in economic value.
The future growth of IP-intensive industries, and almost all industries to some degree, "is increasingly dependent on effective protection of IP rights both here and abroad," said the report.