Page 24 - The South China Business Journal
P. 24
C. Today
Chamber Releases Study
on Intellectual Property
in the Global Sports
Economy
The U.S. Chamber of Commerce’s Global Innovation Policy Center
(GIPC) released a new study, “Leveraging Intellectual Property
in the Global Sports Economy,” which outlines the central role of
intellectual property (IP) in the modern sports industry.
The report illustrates the economic impact of counterfeiting and
piracy in the sports industry, and it outlines four key findings:
• The modern sports industry depends on and cannot exist without
IP rights
• A modern sports industry requires a broad menu of IP rights to thrive
• Physical counterfeiting poses a real threat to the sports industry and
to consumers
• Online piracy of sports broadcasting is mushrooming, but
governments struggle to keep up with the threat
Sport is a vibrant sector of the innovation economy, not to
mention a powerful tool for shared human progress,” said David
Hirschmann, president and CEO of GIPC. “With the surge
in trends like dangerous counterfeit goods and illicit
piracy apps and devices, it is more important than ever
to strengthen our system of IP rights and incentives.
We hope governments will view this report as a call
to action to strengthen their IP systems and become
better players and teammates on the sports stage.”
The report examines the interplay between IP rights
and the sports sector — a broad, multi-layered industry that
includes teams and leagues, broadcasters, and manufacturers
and suppliers of sporting goods, apparel, and sportswear. The
breadth of the industry necessitates a broad approach to IP —
including patents, trademarks, design rights, and trade secrets
22 AmCham South China
Chamber Releases Study
on Intellectual Property
in the Global Sports
Economy
The U.S. Chamber of Commerce’s Global Innovation Policy Center
(GIPC) released a new study, “Leveraging Intellectual Property
in the Global Sports Economy,” which outlines the central role of
intellectual property (IP) in the modern sports industry.
The report illustrates the economic impact of counterfeiting and
piracy in the sports industry, and it outlines four key findings:
• The modern sports industry depends on and cannot exist without
IP rights
• A modern sports industry requires a broad menu of IP rights to thrive
• Physical counterfeiting poses a real threat to the sports industry and
to consumers
• Online piracy of sports broadcasting is mushrooming, but
governments struggle to keep up with the threat
Sport is a vibrant sector of the innovation economy, not to
mention a powerful tool for shared human progress,” said David
Hirschmann, president and CEO of GIPC. “With the surge
in trends like dangerous counterfeit goods and illicit
piracy apps and devices, it is more important than ever
to strengthen our system of IP rights and incentives.
We hope governments will view this report as a call
to action to strengthen their IP systems and become
better players and teammates on the sports stage.”
The report examines the interplay between IP rights
and the sports sector — a broad, multi-layered industry that
includes teams and leagues, broadcasters, and manufacturers
and suppliers of sporting goods, apparel, and sportswear. The
breadth of the industry necessitates a broad approach to IP —
including patents, trademarks, design rights, and trade secrets
22 AmCham South China
