Piracy to hit $16.6 billion by 2016 – Microsoft by Nigerian Bulletin

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The Antipiracy Conversion Manager, Microsoft Nigeria, Temofe Ugbona, on Tuesday said that global intellectual property piracy was projected to hit 16.6 billion U.S. dollars by 2016.   He said this would further diminish the already stagnant intellectual property industry. “Piracy affects every part of the society – from national economy to individual wellbeing. If this menace is not curbed, it will in time, drive the intellectual property industry to the ground, killing innovation and development,” he said. Ugbona noted that piracy was a deliberate infringement of copyright on a commercial scale, or an unauthorised usage of someone’s intellectual property right. Read more

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