Posts Tagged: "Global Intellectual Property Center"

While many holiday shoppers may think that they’re getting a bargain by purchasing goods displaying a particular brand without having to pay brand prices, these shoppers are unwittingly gifting low-quality items or worse, products that pose health hazards, to their friends or loved ones. Thanks in large part to the Internet, counterfeiting operations have reached epidemic levels in recent years. Nearly half of all brand owners are losing revenues because of the sale of counterfeits and, in 2017, U.S. customs agencies seized a total of 34,143 shipments carrying counterfeited goods being imported into the U.S. But counterfeiting is a victimless crime, the common refrain goes. Nothing could be further from the truth. Terrorist organizations and organized crime families are turning to counterfeiting as a meaningful source of income given the exceptionally low penalties even if they are caught and extraordinarily high profit margins — profit margins that are even higher than selling drugs on the street. 

On Thursday, April 24th, I attended a Sports Industry briefing and cocktail reception in honor of World IP day.   The program was sponsored by the U.S. Chamber of Commerce Global Innovation Policy Center (GIPC) and International Trademark Association (INTA). The program featured a panel of policymakers, including US Intellectual Property Enforcement Coordinator, Vishal Amin, and Congressional Trademark Caucus Co-Chairs, Senator Chris Coons and Senator Chuck Grassley as well as Attorneys who represent the MLB, NBA, NFL, NHL, and IMG College Licensing.

Here is what Director Iancu had to say about the Wright Brothers: “At my swearing-in, I remarked that through the doors of the U.S. Patent and Trademark Office comes our future. And indeed, it does, and it always did. We must celebrate that. From Thomas Edison to the Wright Brothers, from Stanley Cohen and Herbert Boyer to Steve Jobs, American inventors have fueled the imagination of our people for generations. We are a pioneering people who overcome large obstacles in order to realize our dreams and create prosperity. Inventors help make dreams reality, and American invention changes the world. Indeed, with American patents, humans made light, began to fly, treated disease, and enabled instant communications across the globe from tiny devices in our pockets.”

“We are at an inflection point with respect to the patent system itself. As a nation we cannot continue down the same path if we want to continue to succeed economically. We will not continue down the same path,” Iancu explained.

According to the Association of American Publishers, the publishing industry as a whole has lost $80 to $100 million dollars to online piracy annually. From 2009 to 2013, the number of e-book Internet piracy alerts that the Authors Guild of America has received from their membership had increased by 300%. During 2014, that number doubled. I’m certain that in 2016, the statistics will go even higher.