Industries like movies, TV, music, books and software accounted for 6.4% of the nation’s total gross domestic product last year.

Industries like movies, TV, music, books and software that create intellectual property continue to grow faster than the rest of the U.S. economy, according to an annual report issued Wednesday in Washington, D.C. by the International Intellectual Property Alliance.

Despite the recession since 2008, what the report calls “the copyright industries” have continued to grow faster than other business segments. The core copyright industries grew an annual rate of 1.1% from 2007 to 2010, and the total copyright industries (and those dependent on them) grew at an annual rate of 1.47%.

The overall economy during that period grew only half of one percent.

According to the report, copyright industries added over $931.8 billion in value to the U.S. economy last year, which is about 6.4% of the nation’s total gross domestic product.

(Source: www.hollywoodreporter.com)